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You are interested in buying a condominium. Your real estate agent is convinced that the condo will be worth $775,000 in 5 years. Assuming a

You are interested in buying a condominium. Your real estate agent is convinced that the condo will be worth $775,000 in 5 years. Assuming a 3% annual increase in housing prices, how much should you bid for the house?

None of the options listed

$898,437

$634,017

$651,270

$668,522

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