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A property sells for $ 6 2 0 , 0 0 0 2 years after it was purchased. If the annual appreciation rate was 4

A property sells for $620,0002 years after it was purchased. If the annual appreciation rate was 4%, how much did the original buyer pay for the property (round to the nearest $1,000)?
$600,000
$566,000
$573,000
$596,000

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