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The answer is B.) 29.04
you find c and then add it to a and b
Answer:
$138,345
Step-by-step explanation:
This is a compound decline problem, which will be solve by the compound formula:
Where
F is the future value (value of house at 2030, 14 years from 2016)
P is the present value ($245,000)
r is the rate of decline, in decimal (r = 4% = 4/100 = 0.04)
t is the time in years (2016 to 2030 is 14 years, so t = 14)
We substitute the known values and find F:
Rounding it up, it will be worth around $138,345 at 2030
Answer:
1.5
Step-by-step explanation:
Note there is a common ratio between consecutive terms, that is
768 ÷ 1536 = 0.5
384 ÷ 768 = 0.5
192 ÷ 384 = 0.5
96 ÷ 192 = 0.5
This indicates that the terms form a geometric sequence with
= a
where a is the first term and r the common ratio
Here a = 1536 and r = 0.5, thus
= 1536 ×
= 1.5