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PolarNik [594]
3 years ago
14

Beth paid 175,000 for a townhouse in downtown portland the values of the homes in that neighborhood have been increasing by 8% e

ach year
b) assuming that this rate of increasing continues what will the value of the townhouse be in 5 years and 6 months?
c) assuming that this rate of increase continues, when will the town house be worth 500,000
Mathematics
1 answer:
MArishka [77]3 years ago
8 0
A=175,000×e^(0.08×5.5)
A=271,723.76

T=(log(500,000÷175,000)÷log(e))÷0.08
T=13.12 years
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