**Problem Statement:** A house was valued at $120,000 in the year 1986. The value appreciated to $175,000 by the year 2002. **Questions:** A) What was the annual growth rate between 1986 and 2002? - r = _________ (Round the growth rate to 4 decimal places) B) What is the correct answer to part A written in percentage form? - r = _________ % C) Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2006? - value = $_________ (Round to the nearest thousand dollars) **Additional Resources:** - Question Help: [Video 1] [Video 2] **Submit Question**

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