If an Average Home in Your Town Currently Costs $250,000

question 156

Multiple Choice

If an average home in your town currently costs $250,000, and house prices are expected to grow at an average rate of 3 percent per year, what will a house cost in eight years?

• A) $255,033.41
• B) $255,043.97
• C) $314,928.01
• D) $316,692.52

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Definitions:

Mammals

Warm-blooded vertebrate animals characterized by the presence of mammary glands which females use to feed their young, as well as fur or hair.

Bodily Growth

Refers to the physical and developmental changes that occur in the human body throughout the lifespan, including changes in size, shape, and physical maturity.

Sickle-Cell Anemia

A genetic blood disorder caused by the presence of an abnormal form of hemoglobin, leading to distorted (sickle-shaped) red blood cells.

Red Blood Cells

Biconcave cells in the blood that carry oxygen from the lungs to body tissues and return carbon dioxide back to the lungs.