The appropriate way to calculate the monthly rent over time is 1190 × 1.017^n.
From the information, it was stated that the monthly rent for the first house is $1,190, and the Bainters can expect it to increase 1.7% every year and that the Bainters want to calculate their monthly rent over time.
Therefore, the appropriate expression will be:
= 1190 × (1 + 1.7%)^n
where n = number of years
= 1190 × 1.017^n
Therefore, the appropriate way to calculate the monthly rent over time is 1190 × 1.017^n.
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