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Find the value of the variable and the length of each secant segment

The lee family bought their home for $220,000 this year. the equation =220,000(1.038) v = 220 , 000 ( 1 . 038 ) x can be used to find the value, v, of their home after x years. which will be the value of the lee family's home in 5 years?

We just started the introduction into circles and i have no idea how to do this.