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Ten years ago, you bought a luxurious piece of real estate for $1,000,000. However, due to adverse economic conditions, your real estate jewel depreciated (lost

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Ten years ago, you bought a luxurious piece of real estate for $1,000,000. However, due to adverse economic conditions, your real estate jewel depreciated (lost value) at a rate of 3% per year over the last ten years. How much would your piece of real estate be worth today? a) $737,424.13 b) $745,061.80 c) $729,856.99 d) $1,343.916.38

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