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The average price of a home in Spartanville was $146,000 in 2014, however home prices have been falling by 2% per year. a) Identify the
The average price of a home in Spartanville was $146,000 in 2014, however home prices have been falling by 2% per year.
a) Identify the independent and dependent variables.
b) Write formula that models this information.
c) How much will the average home be worth in 2018?
d) If this trend continues, when will the average home be worth $110,000?
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