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The maintenance cost of this house each year is set at 4 of the market...

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The maintenance cost of this house each year is set at 4 of the market value of the house According to Mr Tristani this cost goes up by about 3 each year as does the value of the house Calculate the maintenance costs for the first 5 years of the house The increase in the rate of maintenance has been done for you Year of home ownership 1 NO 2 3 4 in Market value of house 400 000 412000 424360 Rate of maintenance 4 0 Maintenance costs 16000 16974 4 17992 86

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