Question

In 1977 a math professor bought her condominium in Cambridge, Massachusetts, for $70,000. The value of the condo has risen steadily so that in 2007 real estate agents tell her the condo is now worth $820,000. Find a formula to represent these facts about the value of the condo V(t), as a function of time, *t*, where *t* is in years after 1977.

Step 1

The amount increased from the yea...

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