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Dan and Jia are newlyweds and have just purchased a condominium for $70,000. Since the condo is very small, they hope to move into a single-family house in 5 years. How much will their condo worth in 5 years if inflation is expected to be 8 percent?
Primary Obligation
The main or fundamental duty that a party is required to perform under a contract.
Debtor
An individual or entity that owes money or other obligations to another party, known as the creditor.
Exaggerated Claims
Statements that stretch the truth or make something seem more important or serious than it actually is.
Contract
A legal contract made between two or more parties, which can be upheld in a court of law.
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