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Mathematics, 24.10.2021 16:40 medinacamila1129

4. Depreciation and Appreciation: a. A holiday trailer depreciates in value approximately 10% per year. If your family
purchases a holiday trailer for $29,000.00 and they plan on selling in the 4th year,
what is the most that they could expect to sell it for?

b. In some housing markets, it is predicted that homes will continue to appreciate at 4%per year into the future. If you purchase a home for $435,500.00, what can you expect to sell it for after 11 years, if this appreciation percentage is correct?

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