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A Comparable Property Sold 15 Months Ago for $105,000

Question 21

Multiple Choice

A comparable property sold 15 months ago for $105,000. If the appropriate adjustment for market conditions is 0.25% per month (without compounding) , what would be the adjusted price of the comparable property?


A) $105,262.50
B) $105,393.80
C) $108,937.50
D) $144,375

Correct Answer:

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