Mathematics, 22.05.2021 06:10 bihanna1234
The value of an investment property after tyears can be found using the formula V = C1 + 1)2, where Vis the current
value of the property. C is the original investment, and is the annual rate of appreciation.
a. Solve the formula for r.
b. Lew bought a condo 20 years ago for $50,000, and the current value of the condo is $175,000. Assuming the same
rate each year, what has the annual rate of appreciation been? Round your answer to the nearest half a percent.
Answers: 3
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The value of an investment property after tyears can be found using the formula V = C1 + 1)2, where...
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