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If the average new home costs $210,000 today, how much will it cost in 11 years if the price increases by 5 percent each year?

If the average new home costs $210,000 today, how much will it cost in 11 years if the price increases by 5 percent each year? Round the answer to the nearest cent. Round FV-factor to three decimal places.

Calculate your answer based on the FV-factor.

Calculate your answer based on the financial calculator.

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