During a Prolonged Recession, Property Values on Long Island Depreciated

question 97

Multiple Choice

During a prolonged recession, property values on Long Island depreciated by 8% every six months. If my house cost $200,000 originally, how much was it worth 5 years later Round your answer to the nearest cent. ?

• A)$86,877.39
• B) $86,877.69
• C) $86,878.79
• D) $86,878.69
• E) $86,882.69

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