Mathematics, 28.09.2019 11:30 scastillo8

During the recent recession, joe's home value dropped to only $195,000. since then, the economy has turned around and the housing market is improving at a rate of 4% annually. at this rate, how much will joe's home be worth 15 years after the market started improving?

can the above scenario be modeled using exponential growth or exponential decay?

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During the recent recession, joe's home value dropped to only $195,000. since then, the economy has...

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