If an Average Home in Your Town Currently Costs $300,000

question 9

Multiple Choice

If an average home in your town currently costs $300,000, and house prices are expected to grow at an average rate of 5 percent per year, what will an average house cost in 10 years?

• A) $450,000.00
• B) $483,153.01
• C) $488,668.39
• D) $507,593.74

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