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Suppose that the dollar valuevtof a certain house that istyears old is given by the following exponential function.v(t)=295,300(1.08)t Find the initial value of the house.

Suppose that the dollar valuevtof a certain house that istyears old is given by the following exponential function.v(t)=295,300(1.08)t

Find the initial value of the house.

Does the function represent growth or decay?

growth

decay

By what percent does the value of the house change each year?

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