Question
In 2004 the average house in Birmingham, AL cost $185,000, and real estate prices were increasing at an amazing rate of 30% per year. What
In 2004 the average house in Birmingham, AL cost $185,000, and real estate prices were increasing at an amazing rate of 30% per year. What was the expected cost of an average house in Birmingham in 2007? Use the formula N = N0ert, where N represents the average cost of a home. Round to the nearest thousand.
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
