Due to bad economic conditions, a home valued at $500,000 in 2008 dropped in value to $300,000

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Due to bad economic conditions, a home valued at $500,000 in 2008 dropped in value to $300,000 in 2012. Assuming the value of the house depreciated according to a linear model,

(A) Find the linear equation that relates value V (in dollars) to the year t.

(B) What would be the depreciated value of the house in the year 2014 if the economic conditions do not improve?

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College Mathematics For Business Economics Life Sciences And Social Sciences

ISBN: 9780321945518

13th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen

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Question Posted: Dec 08, 2023 12:21 AM

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Due to bad economic conditions, a home valued at $500,000 in 2008 dropped in value to $300,000

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To find the linear equation that relates the value of the house V to the year t we can use the two d...View the full answer

College Mathematics For Business Economics Life Sciences And Social Sciences

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