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Michael and Sandy Purchased a Home for $100,000 Five Years

Question 78

Multiple Choice

Michael and Sandy purchased a home for $100,000 five years ago.If its value appreciated at 6% annually,what is it worth today? (Round the answer to the nearest unit place.)


A) $100,000
B) $106,000
C) $130,000
D) $133,823
E) $135,603

Correct Answer:

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