Question

During the recent recession, Joe's home value dropped to only $195,000. Since then, the economy has turned around and the housing market is improving at a rate of 4% annually. At this rate, how much will Joe's home be worth 15 years after the market started improving?

Can the above scenario be modeled using exponential growth or exponential decay?

Answer 1

growth and do you need an equation?

Explanation:

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