A house is valued at 120000. If it appreciates at a rate of 3% per year what is the expected value of the house after five years(to the nearest hundred dollars)?

basic math 120000 x 0.03 = 3600

3600 x 5 =18000

so 138,000

If I use the formula A = P(1 +i)power n

A= 120000(1 + 0.03)power 5 = 139,112.8889 so 139,100.

Which one is good? Both answers sound OK...

Please help