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Question: in 2004 an art collector paid 79 845 000 for...

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In 2004, an art collector paid $79,845,000 for a particular painting. The same painting sold for $27,000 in 1950. Complete parts (a) through (d). nd the exponential growth rate k, to three decima s the paintings value. n dollars, t years after 1950 Do not round until the final answer. Then round to three decimal places as needed. Choose the correct answer below. O A. 27.000 0.148t O B. vi 0.148 e 27,000t O C. 0.148t 27,000 e O D. V 27,000 (0.148) et b) Predict the value of the painting in 2010. (Do not round until the final answer Then round to the nearest thousand as needed c) What is the doubling time for the value of the painting? (Do not round until the final answer. Then round to the nearest tenth as needed.) d) How long after 1950 will the value of the painting be $1 billion? yr Do not round unt the final answer. Then round to the nearest whole number as needed.

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