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During the recent recession, Joe's home value dropped to only $195,000. Since then, the economy has turned around and the housing market is improving at a rate of 4% annually. At this rate, how much will Joe's home be worth 15 years after the market started improving?

Can the above scenario be modeled using exponential growth or exponential decay?

asked
User Cally
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1 Answer

5 votes

Answer:

growth and do you need an equation?

Explanation:

also tbh your profile pic is really cute

answered
User Matthew Read
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