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Alex expects that his home will be worth $400,000 in t years. Zillow's market valuation of the home today is $270,000 (assume this is correct).
Alex expects that his home will be worth $400,000 in t years. Zillow's market valuation of the home today is $270,000 (assume this is correct). Real estate in the area is expected to appreciate at 10% per year. What is t?
2.83 years | ||
4.12 years | ||
5.56 years | ||
7.78 years |
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