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Given the Following Information, Determine the Value of Having an Additional

question 31

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Given the following information, determine the value of having an additional bedroom. Assume that the comparable properties are similar in all other attributes besides those listed in the table below.  Comparable 1  Comparable 2 Comparable 3  Comparable 4  Time Sold  Today 1 Year Apo  Today 1 Year Apo  Bathrooms 2223 Bedrooms 4555 Sale Price $250,000$265,000$275,000$270,000\begin{array} { | l | c | c | c | c | } \hline & \text { Comparable 1 } & \text { Comparable } 2 & \text { Comparable 3 } & \text { Comparable 4 } \\\hline \text { Time Sold } & \text { Today } & 1 \text { Year Apo } & \text { Today } & 1 \text { Year Apo } \\\hline \text { Bathrooms } & 2 & 2 & 2 & 3 \\\hline \text { Bedrooms } & 4 & 5 & 5 & 5 \\\hline \text { Sale Price } & \$ 250,000 & \$ 265,000 & \$ 275,000 & \$ 270,000 \\\hline\end{array}

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Definitions:

Teamwork

The collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way.

Constructive Purpose

The intention behind actions or policies that aim to bring about positive change, improvement, or resolution of problems.

Virtual Teams

Groups of individuals who work together from different geographic locations, connected by technology such as email, video conferencing, and collaboration platforms.

Frequent Communication

Regular and consistent exchange of information between individuals or groups, which is essential for ensuring transparency, understanding, and collaboration.

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