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  3. a study prepared for the national association of realtors estimated...

Question: a study prepared for the national association of realtors estimated...

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A study prepared for the National Association of Realtors estimated that the number of housing starts per year over the next 5 yr will be N (r) =ー0.02,7 million units, where r (percent) is the mortgage rate. Suppose the mortgage rate over the next t mo is r(t)= 10e + 150 (0 24) t +10 percent/year (a) Find an expression for the number of housing starts per year as a function of t, t mo from now N(r(t)) = (b) Using the result from part (a), determine the number of housing starts at present, 10 mo from now, and 23 mo from now. (Round your answers to two decimal present in 10 mo in 23 mo million units million units million units Need Help? Read It Talk to a Tutor

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