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anonymous
 5 years ago
a married couple, purchased their home in December 1989 for $89,000. The house was appraised in January 2008 for $325,000. What was the annual rate of appreciation on the home during this period?
anonymous
 5 years ago
a married couple, purchased their home in December 1989 for $89,000. The house was appraised in January 2008 for $325,000. What was the annual rate of appreciation on the home during this period?

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amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0compounded yearly eh...

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0325 = 89(1+r)^t right?

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.03.652 = (1+r)^18 if im doing it right :)

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0ok how do you get the r in the bracket...this is where I am confused

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0the r = rate of appreciation correct? if we take the initial value, and apply the "interest" to it we get: 89 + 89(rate); which factors to: 89(1+ rate) the rate is compunded every year for a total of 18 years. 89(1+rate)^18 = 325

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0log(3.652) = log[(1+r)^18] log(3.652) = 18 log(1+r) 3.652^(1/18) = 1+r 3.652^(1/18) 1 = r

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0dec 89 is basically jan 90

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0ok... well the answers that I have to choose from are: 6.69% 6.26% 6.87% 7.05%

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0work it backwards to see what fits, thats what I do with multiple choices

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0If you use 19 then you get 7.05%

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0lol...yes...but I am trying to find out how to come up with that on a BAII Plus calculator. And log is not on this one

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.089(1.0705)^18 use the calculator on the computer.... programs, accessories, calculator usually

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0ok....we are only allowed to use our calculators in this exam, so I have to figure out how to do it on this one. Stupid Business Math! LOL

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0324.7407 if you use ^19 ;)

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0without a log button...you got exponent button?

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0can you key in a random exponent? like 1/19?

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.00.070544965363919914409636326010341

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0I use the button on the calculator that has a radical sign with the x above the radical sign and a y under the radical sign Type in 3.652 then that sign and then 19 =

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.01/19 not 19 :) way different value for that lol

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0ohh....radical sign, gotcha

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0wow...mind spinning....lol

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0the answers 7.05 ;) dont lose sight of that one lol

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0yes....thanks for coming up with the appropriate answer...but I am trying to find out how to punch in this formula. I am a math idiot.... wish I wasn't

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0OMG......figured it out....yipee. Sooooo love you guys!!!

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0take a pic of the calculator and post it :)

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0yay!!! youre welcome :)

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0wish I knew how to use this dang thing....or that I knew how to do math

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0your math might be fine, that calculator looks mean tho lol

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0it is....we are all used to a regular scientific one. So we don't know how to use all the buttons that would probably make it much simpiler

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0heres my other one ;)

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0it didnt post..... how odd

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0NOW THAT'S MY KIND OF CALCULATOR! Bahahahaha

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0well you ARE now my Superhero!! Thanks so much. And I will definitely be back, I assure you! LOL
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