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Houses in Madisons town are losing 11% of their value each year. 

a) Let v be the current value of Madisons house. Write an equation that describes the projected value, p, at t years from now.

b) Rewrite your equation go find the effectiv monthly percentage decrease in value.

 Aug 5, 2016
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p=v x .89^t - Annual decline in house prices.

p=v x 0.990336^(12t) - Monthly decline in house prices

 Aug 5, 2016

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