You buy a house for $250,000, and its value changes at a continuous rate of -7% a year. What is it worth after 10 years? Round your answer to the nearest integer. The house will be worth $ after 10 years.
Added by Thomas L.
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So, the continuous growth rate = ln(1 - 0.07) = ln(0.93) ≈ -0.0741. Show more…
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