A price for a house in thousands of dollars t years after 2015 is given by the model P(t) = 190 x (1.038)^t  what was the price of the house in 2015 is the price increasing or decreasing, by how much use the model to predict the price in 2021

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A price for a house in thousands of dollars t years after 2015 is given by the model P(t) = 190 x (1.038)^t 

what was the price of the house in 2015

is the price increasing or decreasing, by how much

use the model to predict the price in 2021

in what year will the price reach 290,000?

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