If the value of a home increases from v 1 to v 2 over n years, the
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If the value of a home increases from v1 to v2 over n years, the average annual rate of growth (as a decimal) is given by
Suppose the value of a home increases on average by 3.6% per year over 10 years. If its value at the end of the 10-year period is $325,000, find its value at the beginning of the period.
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ANSWER We can use the formula for average annual rate of growth to find the ...View the full answer
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Related Book For 
Basic Technical Mathematics
ISBN: 9780137529896
12th Edition
Authors: Allyn J. Washington, Richard Evans
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