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March 28, 2015

Homework Help: Math

Posted by Abby on Friday, February 17, 2012 at 12:21am.

The home that you purchased in 2004 steadily increased in value for the first four years at the annual rate of 5.3%. Then, the home steadily decreased in value for the next three years at the annual rate of 3.4%. If you originally purchased the home for $160,000, what is its value today?

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