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    Pre-calculus Problems

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    Please help with the following posting. Provide step by step calculations for each.

    Your Grandfather purchased a house for $55,000 in 1952 and it has increased
    in value according to a function y = v(x), where x is the number of years owned.
    These questions probe the future value of the house under various mathematical models.
    (a) Suppose the value of the house is $75,000 in 1962. Assume v(x) is a linear function. Find a formula for v(x). What is the value of the house in 1995? When will the house be valued at $200,000?
    (b) Suppose the value of the house is $75,000 in 1962 and $120,000 in 1967. Assume v(x) is a quadratic function. Find a formula for v(x). What is the value of the house in 1995? When will
    the house be valued at $200,000?
    (c) Suppose the value of the house is $75,000 in 1962. Assume v(x) is a function of exponential type. Find a formula for v(x). What is the value of the house in 1995? When will the house be valued at $200,000?

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    Solution Summary

    This posting contains the solution to the given calculus problems.

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