Home Prices The median selling price of an existing home in the U.S. declined continuously over the period 2008–2011 at the rate of 7.6% per year from approximately $198 thousand in 2008. Write down a formula that predicts the median selling price of an existing home t years after 2008. Use your model to estimate, to the nearest $1,000, the median selling price of an existing home in 2011 and 2013.
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