Mathematics, 30.07.2020 01:01 falconsfan20182
The value of an investment property after t years can be found using the formula 
, where V is the current value of the property, C is the original investment, and r is the annual rate of appreciation.
1. Solve the formula for r.
2. Lew bought a condo 20 years ago for $50,000, and the current value of the condo is $175,000. Assuming the same rate each year, what has the annual rate of appreciation been? Round your answer to the nearest half a percent.
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Answers: 3
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The value of an investment property after t years can be found using the formula , where V is the cu...
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