SOLUTION: If a piece of real estate purchased for $50,000 in 1998 appreciates at the rate of 5% per year, then its value t years after the purchase will be f(t)=50000(1.05^t). According to

Algebra ->  Customizable Word Problem Solvers  -> Misc -> SOLUTION: If a piece of real estate purchased for $50,000 in 1998 appreciates at the rate of 5% per year, then its value t years after the purchase will be f(t)=50000(1.05^t). According to       Log On