Appreciation of a House A house initially cost $150,000.
Chapter 6, Problem 6.1.689(choose chapter or problem)
Appreciation of a House 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 (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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