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Ben Collins plans to buy a house for $220,000. If the real estate in his area is expected to increase in value by 2 percent

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Ben Collins plans to buy a house for $220,000. If the real estate in his area is expected to increase in value by 2 percent each year, what will its approximate value be seven years from now? Use Exhibit 1-A. (Round your FV factor to 3 decimal places and final answer to the nearest whole dollar.) Future value of the house Skipped

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