James rents an apartment with an initial monthly rent of $1,600. He was told that the rent goes up 1.75% each year. Write an exponential function that models this situation to calculate the rent after 15 years. Round the monthly rent to the nearest dollar?
James rents an apartment with an initial monthly rent of $1,600. He was told that the rent goes up 1.75% each year. Write an exponential function that models this situation to calculate the rent after 15 years. Round the monthly rent to the nearest dollar?
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Related Book For 
Financial Algebra advanced algebra with financial applications
1st edition
Authors: Robert K. Gerver
ISBN: 978-0538449670