Question

In a volatile housing market, the overall value of a home can be modeled by V(x) = 415x2 - 4600x + 200000, where V

Answer 1

Answer:

See below

Step-by-step explanation:

This is a bowl shaped parabola ( due to the positive coefficient of x^2)

   the minimum value (vertex )

      will occur at x value = - b/2a = - -4600/2(415) = 5.54 years

  the minimum VALUE will be the quation with this value of x inserted

 415 (5.54)^2 - 4600(5.54) + 200 000 = $ 187 253.01

The home will reach a minumum value of 187253.01 in 5.54 years