Question

* MULTIPLE CHOICE. JUST NEED TO CORRECT ME IF I'M WRONG! MEDAL WILL BE GIVEN TO FIRST PERSON TO REPLY!*

The following function represents the value of a house, in dollars, after x years.

f(x) = 242,000(1.04) to the power of x

What does 1.04 represent?

The present value of the house

The value of the house after x years

The increase in the value of the house per each year, which is 4%

The value of the house after x years, which will be 4% of the present value

Answer 1

I think its the third choice

Answer 2

yep!! u r correct :)

Answer 3

thanks

Answer 4

u r welcome

Answer 5

@jolenewhite.2000 did you get this correct?

Answer 6

yes i did @FMA

Answer 7

ok

Answer 8

it's actually a