document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=72294>Question 72294</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If a piece of real estate purchased for $75,000 in 1998 appreciates at<BR>\n" );
document.write( "the rate of 6% per year, then its value t years after the purchase will<BR>\n" );
document.write( "be f (t) = 75,000(1 + .06t ) . According to this model, by how much will the<BR>\n" );
document.write( "value of this piece of property increase between the years 2005 and<BR>\n" );
document.write( "2008? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #51693 by </B><A HREF=/tutors/aboutme.mpl?userid=josmiceli><B>josmiceli(19441)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josmiceli><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=josmiceli><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=51693\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Sometime in 1999, one year after purchase, the house has appreciated by<BR>\n" );
document.write( "6%. By the formula, in 2005, 7 years after purchase, the house is worth<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=75000%281+%2B+.06t%29 ALIGN=MIDDLE  ALT=\"75000%281+%2B+.06t%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=75000%281+%2B+.06%2A7%29 ALIGN=MIDDLE  ALT=\"75000%281+%2B+.06%2A7%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "In 2008, 10 years after purchase, the value is<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=75000%281+%2B+.06%2A10%29 ALIGN=MIDDLE  ALT=\"75000%281+%2B+.06%2A10%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "Between those years it has appreciated<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=75000%281+%2B+%28.06%2A10%29%29+-+%2875000%281+%2B+%28.06%2A7%29%29%29 ALIGN=MIDDLE  ALT=\"75000%281+%2B+%28.06%2A10%29%29+-+%2875000%281+%2B+%28.06%2A7%29%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=75000+%2B+.6%2A75000+-+75000+-+.42%2A75000 ALIGN=MIDDLE  ALT=\"75000+%2B+.6%2A75000+-+75000+-+.42%2A75000\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=.18%2A75000 ALIGN=MIDDLE  ALT=\".18%2A75000\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=13500 ALIGN=MIDDLE  ALT=\"13500\"   DISABLED_style= \"max-width:90%; height:auto;\" > answer  </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );