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Problem 1-1 Calculating the Future Value of Property [LO1-2] Josh Collins plans to buy a house for $302,000. If that real estate is expected to

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Problem 1-1 Calculating the Future Value of Property [LO1-2] Josh Collins plans to buy a house for $302,000. If that real estate is expected to increase in value by 4 percent each year, what will its approximate value be six years from now? Use Exhibit 1-A (Round time value factor to 3 decimal places and final answer to the nearest whole number.) Approximate value $ 382,126

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