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If an Average Home in Your Town Currently Costs $250,000

Question 59

Multiple Choice

If an average home in your town currently costs $250,000, and house prices are expected to grow at an average rate of 3 percent per year, what will a house cost in 8 years?


A) $255,033.41
B) $255,043.97
C) $314,928.01
D) $316,692.52

Correct Answer:

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