Property value A piece of property sells for $64,000. The value of property doubles every 15 years. A model for the value V of the property t years after the date of purchase is
V (t) = 64,000 (2) t/15.
Use the model to approximate the value of the property (a) 5 years and (b) 20 years after it is purchased.
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Home » Mathematics » Property value A piece of property sells for $64,000. The value of property doubles every 15 years. A model for the value V of the property t years after the date of purchase is V (t) = 64,000 (2) t/15.