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Property values in your neighborhood are predicted to increase at a rate of 7 percent per year. If your home is currently worth $150,000, what

Property values in your neighborhood are predicted to increase at a rate of 7 percent per year. If your home is currently worth $150,000, what will be the APPROXIMATE value of your home 20 years from now?

Group of answer choices

$540,000

$500,000

$580,000

$480,000

$620,000

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