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Your family purchased a home in Aspen, CO in 2010 for the price of $1250000. You expect to inherit the residence in 2025. During the

Your family purchased a home in Aspen, CO in 2010 for the price of $1250000. You expect to inherit the residence in 2025. During the period in which your family owned the residence, the value increased at an annual rate of 7.50%. How much will the residence be worth when you inherit the home in 2025

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