Math help!!!!!!!

Question

A house initially costs $85,000. The value, V, of the house after n years if it appreciates at a constant rate of 4% per year can be determined by the n function V= f(n)= $85,000(1.04)ⁿ . Determine f(8) and explain its meaning.

Answer 1

f(8)= the value of the house in 8 years

=85000(1.04)^8 =$116,328.37