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If an Average Home in Your Town Currently Costs $350,000

Question 29

Multiple Choice

If an average home in your town currently costs $350,000, and house prices are expected to grow at an average rate of 3 percent per year, what will an average house cost in "5" years?


A) $402,500.00
B) $405,168.75
C) $405,745.93
D) $507,500.00

Correct Answer:

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