Michael and Sandy Purchased a Home for $100,000 Five Years

question 78

Multiple Choice

Michael and Sandy purchased a home for $100,000 five years ago.If its value appreciated at 6% annually,what is it worth today? (Round the answer to the nearest unit place.)

• A)$100,000
• B)$106,000
• C)$130,000
• D)$133,823
• E)$135,603

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