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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

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?

$255,033.41

$255,043.97

$314,928.01

$316,692.52

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