A house initially cost $150,000. The value, V, of the house after n years if it appreciates

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A house initially cost $150,000. 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 function V = f(n) = $150,000(1.04)ⁿ.

(a) Determine f(8) and explain its meaning.

(b) After how many years is the value of the house greater than $250,000? (Find by trial and error.)

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Question Posted: Jan 12, 2019 08:37 AM

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A house initially cost $150,000. The value, V, of the house after n years if it appreciates

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A Survey of Mathematics with Applications

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