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You should note that appreciation is always calculated on the value at the start of each year, so it is compounded. Start Value: Increase Value at end of year. £80,000 £2,400 £82,400 (after 1 year) £82,400 £2,472 £84,872 (after 2 years) So value after 3 years is: £ 87, 418.16 An easier way to calculate is to use the multiplier instead: ...
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