Multiple Choice
Suppose a developer is interested in building a new apartment community. Through her market research, the developer has determined that the target market segment potential in year 1 consists of 100 households. The developer believes that the target market segment potential will grow by 5% annually over the next five years. If the developer projects a capture rate of 25% for each of the next five years, how many units does she plan on selling by the end of year 5?
A) 25 units
B) 125 units
C) 138 units
D) 175 units
Correct Answer:
Verified
Correct Answer:
Verified
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