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In 2008 the housing market had a dramatic change because most houses experienced a decrease in value. While the exact date for recovery is up
In 2008 the housing market had a dramatic change because most houses experienced a decrease in value. While the exact date for recovery is up for debate, there is evidence that house prices started increasing in 2012. Suppose you bought a house for $130,000 in 2012 and it has steadily increased its value by $3,500 a year. Let V represent the market value (in dollars) for your home and y, the length of time you have lived there (in years).
a. Complete the following table:
Year | y | V, Market Value |
2012 | ||
2015 | ||
2018 |
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