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A house purchased for has an annual appreciation of %.

  1. What is the multiplier?

    because you add the decimal percentage to the whole .

  2. Write a function of the form that represents the situation, where is the time in years after the house was purchased.

    = the initial value = the multiplier

  3. At the current rate, what will be the value of the house in 10 years?

    Let in your equation.