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Joe and Linda Have the Opportunity to Purchase a New

Question 175

Multiple Choice

Joe and Linda have the opportunity to purchase a new home.The house in Glen Oaks is currently worth $250,000 but is predicted to be worth $270,000 in a year.What is the rate of appreciation for the house from one year to the next?


A) 5 percent
B) 6 percent
C) 7 percent
D) 8 percent

Correct Answer:

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