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The following function represents the value of a house, in dollars, after x years: f(x) = 242,000(1.04)* What does 242,000 represent? (5 points)

The following function represents the value of a house, in dollars, after x years: f(x) = 242,000(1.04)* What does 242,000 represent? (5 points)
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5 votes
The following function represents the value of a house, in dollars, after x years:

f(x) = 242,000(1.04)*
What does 242,000 represent? (5 points)

User Sharadh
by
7.9k points

2 Answers

7 votes

Answer:

242,000 represents the value of the house

Explanation:

User Shital Marakana
by
8.5k points
5 votes

Answer:

242,000 is the present value of the house.

Explanation:

User Padam Thapa
by
8.8k points
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