1 A Financial Adviser is someone whose job it is to calculate inflation rates of homes. To calculate the inflation rate of a home
that increased or decreased from pi (value) to p2 (value) over n years, the annual rate of inflation (expression in decimal
form) can be modeled as:
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6/13/2018 Listed for sale $285,000
Source: Coastal Life Properties LLC
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$89,100
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2/1/1989 Sold
Source: Public Record
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The home pictured above was recently sold in Oviedo, Fl. The couple living there bought the home when it was first built in
1989 for $89,100. Twenty-nine years later, they're finally selling their property and are asking for $285,000 NUsing this
information, I'd like you to calculate the inflation rate of this home. Represent your answer as a percentage with 2 decimal
places.