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D15: The average price of a home in a certain city was $220,000 in 2008, and it increases at 3% per year. a. Write the

D15: The average price of a home in a certain city was $220,000 in 2008, and it increases at 3% per year.

a. Write the equation of the exponential function that models the average price of a house t years after 2008.

b. Use the model to predict the average price of a house in 2013.

c. According to this model, when would the average home price be $400,000?

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