Real Estate Principles 3rd Edition by David Ling,Wayne Archer

Exercise 13

A comparable property sold six months ago for $150,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -5 percent.
Market conditions: +8 percent.
Physical characteristics: +$12,500.
Financing terms: - $2,600.
Conditions of sale: None.
Legal characteristics: None.
Use: None.
Nonrealty items: -$3,000.
Making the adjustments in the order suggested in Exhibit 7-6, what is the comparable property's final adjusted sale price indication of the subject's value
A) $160,732.
B) $164,400.
C) $169,600.
D) $162,500.
E) $163,232.