Even though housing prices have been declining in many parts of the country, in Lara's neighborhood, they have been increasing steadily since Lara bought her home in 2006. Lara purchased her home in 2006 for $200,000, and it steadily increased its value by
$4000 a year. Let V represent the market value in dollars) of her home; x, the length of time she has lived there (in years). Complete
parts a through d below.
a. Complete the following table.
Partial
х
Year
2006
V. Market value
$ 120000
$ 140500
0
5
B
2011
2014
$ 152800
b. Write a symbolic rule that expresses V in terms of x.
(Use integers or decimals for any numbers in the equation.)
c. Determine the expected value of her home in 2016.
(Simplify your answer.)
d. In which year is the value of her home expected to reach S240,000?