User Manual

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BEAR-CH0.DOC BA Real Estate Guidebook Jackie Quiram Revised: 09/28/99 1:17 PM Printed: 09/28/99 1:20 PM
Page 11 of 10
1. Enter the current price of the
home (starting value).
Press 150
q # 7
.
V1 = 150,000.00
2. Enter the expected annual
appreciation rate.
Press 3
# :
.
APP= 3.00
3. Enter the number of periods
(years).
Press 5
# 9
.
#PD= 5.00
4. Calculate the expected value at
the end of five years.
Press
$ # 8
.
V2 = 173,891.11
Estimating Appreciation
You are buying a $150,000 home that is expected to
appreciate for the next five years at 3% per year. Estimate
the value of the house at the end of five years.