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You Own a Classic Automobile That Is Currently Valued at $67,900

Question 179

Multiple Choice

You own a classic automobile that is currently valued at $67,900. If the value increases by 8% annually, how much will the automobile be worth 15 years from now?


A) $199,801.33
B) $212,524.67
C) $214,740.01
D) $215,390.28
E) $218,887.79

Correct Answer:

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