The smiths brought a apartment for 75000. assuming that the value of the apartment will appreciate at most 4% a year, how much will the apartment be worth in 3 years

1st year is $75,000 * 0.04 = $3,000 $75,000+$3,000=$78,000 
2nd year is $78,000 * 0.04 = $3,120 $78,000+$3,120=$81,120 
3rd year is $81,120 * 0.04 = $3,244.80 $81,120 + $3,244.80= $84,364.80 
So, considering a maximum 4% increase increased yearly, the apartment will be worth $84,364.80.

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