A house purchased for $$135{,}000$ has an annual appreciation of $4\%$.

1. Write a function to represent the value of the house $t$ years after the house was purchased. Describe the meaning of each value in the function.

   Answer (a):

   $f(t) = 135000(1.04)^t$ 

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

   Hint (b):

   Let $t = 10$ in your equation.