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Larry Solomon paid $ 6 0 , 0 0 0 for a home 1 0 years ago. The unpaid mortgage on the home is $

Larry Solomon paid $60,000 for a home 10 years ago. The unpaid mortgage on the home is
$30,000. Larry estimates the current value of the home to be $90,000. This estimate is partially
based on the selling price of homes recently sold in the neighborhood. Larry's home is assessed
for tax purposes at $50,000. Assessments in the area average one-half of market value. The
house has not been inspected for assessment during the past two years. Larry would sell through
a broker, who would charge 5% of the selling price.
What is the estimated current value of the home?
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