Property Value A piece of property sells for $55,000. The value of the property doubles every 12 years. A model for the value V of the property t years after the date of purchase is
Use the model to approximate the value of the property (a) 4 years and (b) 25 years after it is purchased.
(a)
To calculate: The approximate value of the property after
Given Information:
The model
Calculation:
Consider the model,
Evaluate the value of the property after
(b)
To calculate: The approximate value of the property after
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