Even though housing prices have been declining in many parts of the country, in Lara's neighborhood, they have been increasing steadily since Lara bought her home in 2006. Lara purchased her home in 2006 for $160,000, and it steadily increased its value by $4200 a year. Let V represent the market value (in dollars) of her home; x, the length of time she has lived there (in years). Complete parts a through d below. a. Complete the following table. Year V, Market value 2006 2011 $ 2014 24 b. Write a symbolic rule that expresses V in terms of x. (Use integers or decimals for any numbers in the equation.) c. Determine the expected value of her home in 2016. (Simplify your answer

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Even though housing prices have been declining in many parts of the country, in Lara's neighborhood, they have been
increasing steadily since Lara bought her home in 2006. Lara purchased her home in 2006 for $160,000, and it steadily
increased its value by $4200 a year. Let V represent the market value (in dollars) of her home; x, the length of time she has lived
there (in years). Complete parts a through d below.
a. Complete the following table.
Year
V, Market value
2006
2011
%24
2014
b. Write a symbolic rule that expresses V in terms of x.
(Use integers or decimals for any numbers in the equation.)
c. Determine the expected value of her home in 2016.
24(Simplify your answer
d. In which year is the value of her home expected to reach $227,200?
Enter your answer in each of the answer boxes.
%24
%24
Transcribed Image Text:Even though housing prices have been declining in many parts of the country, in Lara's neighborhood, they have been increasing steadily since Lara bought her home in 2006. Lara purchased her home in 2006 for $160,000, and it steadily increased its value by $4200 a year. Let V represent the market value (in dollars) of her home; x, the length of time she has lived there (in years). Complete parts a through d below. a. Complete the following table. Year V, Market value 2006 2011 %24 2014 b. Write a symbolic rule that expresses V in terms of x. (Use integers or decimals for any numbers in the equation.) c. Determine the expected value of her home in 2016. 24(Simplify your answer d. In which year is the value of her home expected to reach $227,200? Enter your answer in each of the answer boxes. %24 %24
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