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In 1970, an average house in Cupertino cost $41,000. If the average house appreciates in value...

  1. In 1970, an average house in Cupertino cost $41,000.
  1. If the average house appreciates in value at 3.3% annually for the past 18 years, what is the price of that house in 1987?
  2. Suppose that your property tax was $250 and has increased by 3.5% annually, how much property tax would you have paid over the last 18 years for the house.
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