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So Maurice just bought a new home. The home can be represented by the function y = 200,000(1.025)^x. What is the growth rate of the value of Maurice's home each year after 2000 and what would the property value of Maurice's home be after 40 years?

User Betti
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1 Answer

23 votes
23 votes
The growth would be 2.19 after each year
User Wassertim
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