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Galina-37 [17]
3 years ago
5

Becky is 18 and would like to buy a house when she is 36. What is the discount factor for today's prices if the housing values i

ncrease 6% per year? (1 point)
Mathematics
1 answer:
statuscvo [17]3 years ago
3 0
<span>you need to find the amount of years between now and when she wants to buy a home. 36-18= 18. then you take 18 and multiply is by %6. 18x%6 or 18x.06 =108% or 1.08. 

The discount prices for today's housing values compared to 18 years from now with a 6% increase per year would be 108% discount. </span>
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<u>Pre-Alg</u>

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Step-by-step explanation:

<u>Step 1: Define equation</u>

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<u>Step 2: Solve for </u><em><u>x</u></em>

  1. Cross-multiply:                    0.35(x-10)=\frac{2}{3} x \cdot 0.45
  2. Distribute 0.35:                   0.35x - 3.5=\frac{2}{3} x \cdot 0.45
  3. Multiply:                               0.35x - 3.5=0.3x
  4. Isolate <em>x</em> term:                     -3.5=-0.05x
  5. Isolate <em>x</em>:                              70=x
  6. Rewrite:                               x=70

<u>Step 3: Check</u>

<em>Plug in x to verify it's a solution.</em>

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  2. Multiply:                       \frac{0.35}{\frac{140}{3}  } =\frac{0.45}{70-10}
  3. Subtract:                      \frac{0.35}{\frac{140}{3}  } =\frac{0.45}{60}
  4. Evaluate:                     0.0075=0.0075
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