Question: Solve the given problems by use of an appropriate sequence or expansion. All numbers are accurate to at least two significant digits.
At the end of 2000 a house was valued at $375,000, and then increased in value by 5.00%, on average, each year 2001 through 2006. Its value did not change in 2007, but then decreased by 8.00%, on average, each year 2008 through 2011. What was its value at the end of 2011?