Find the point on the plane that is closest to the point (1,1,1). How would you minimize the function?
Even though housing prices have been declining in many parts of the country, in Lara's neighborhood, they have been increasing steadily since Lara bought her home in 2006. Lara purchased her home in 2006 for $120,000, and it steadily increases its value by $4100 a year. Let V represent the market value (in dollars) of her home; x, the length of time she has lived there (in years). Complete parts a through d below.
a. Complete the following table.
b. Write a symbolic rule that expresses V in terms of x.
c. Determine the expected value of her home in 2016. (Simplify your answer)
d. In which year is the value of her home expected to reach $177,400?