Due to bad economic conditions, a home valued at $500,000 in 2008 dropped in value to $300,000
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Due to bad economic conditions, a home valued at $500,000 in 2008 dropped in value to $300,000 in 2012. Assuming the value of the house depreciated according to a linear model,
(A) Find the linear equation that relates value V (in dollars) to the year t.
(B) What would be the depreciated value of the house in the year 2014 if the economic conditions do not improve?
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Related Book For
College Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780321945518
13th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen
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