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Mathematics, 10.02.2021 02:00 pbarbee3034

Ms. Espinosa purchased two buildings as an investment in 2012. Monarch Tower cost $784,000 and its value appreciated at a rate of 12% per year. Plaza Tower's value over time is represented by the function V(t)=985,000(1.06)t.

Which statements are true?

Select each correct answer.

​In 2017, Plaza Tower has a higher value than Monarch Tower.

​In 2013, Plaza Tower has a higher value than Monarch Tower.

Monarch Tower appreciated at a faster rate than Plaza Tower.

Monarch Tower cost more than Plaza Tower when purchased.

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Answers: 3

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