Question
If you purchase a property today for $250,000 and it increases in value at 6% per year, compouinded annually, how much will it be worth
If you purchase a property today for $250,000 and it increases in value at 6% per year, compouinded annually, how much will it be worth in 20 years?
Multiple Choice
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$276,223.89
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$746,496.00
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$801,783.87
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None of the other answers is within $1 of the correct answer
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$253, 017.16
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
