Question
At the end of 1st Quarter of 2009 the median price of a single-family home in Charleston/No. Charleston was $184,990. Single-family home prices in Charleston/No.
At the end of 1st Quarter of 2009 the median price of a single-family home in Charleston/No. Charleston was $184,990. Single-family home prices in Charleston/No. Charleston decreased from the 1st Qtr of 2008 by 8.15%. NOTE: Depreciation means a negative value for r. (a). Estimate the median price of a single-family home in the 1st Qtr of 2008. (b). If the median price of a single-family home falls at the same rate for the next 2 years, estimate the median price of a single-family home in the 1st Qtr of 2011. Write your final answers in a textbox. Use the GOAL SEEK in excel to answer.
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