Home values are expected to increase by 4% per year. Hadlee recently purchased a home for $220,000. Which of the following equations can be used to represent the value of the home x years after the purchase?
f(x) = 4(1.04)x
f(x) = 4(0.96)x
f(x) = 220000(1.04)x
f(x) = 220000(0.96)x
