From 2001 to 2005, a real estate agent kept track of her annual earnings. Using the table, write an equation. Then use the equation to estimate what she earned in the year 2016.
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Appreciation and depreciation are issues that come up frequently on the Real Estate License Exam. Appreciation is an increase in a property’s value caused by factors like inflation, increasing demand, and improvements to the property. Depreciation is a decrease in the value of a property caused by lower demand, deflation in the economy, deterioration, or the influences of other undesirable factors.
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