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Question 5(Multiple Choice Worth 1 points)
(03.02 MC)
Home values are expected to decrease by 2% per year. Hadlee recently purchased a home for $230,000. Which of the following equations can be used to represent
the value of the home x years after the purchase?
Of(x)=230000(0.98)*
Of(x) = 230000(1.02)*
Of(x) = 2(0.98)*
0
Of(x)=2(1.02)*