Joe and Linda Have the Opportunity to Purchase a New

question 23

Multiple Choice

Joe and Linda have the opportunity to purchase a new home.The house in Glen Oaks is currently worth $250,000 but is predicted to be worth $270,000 in a year.What is the rate of appreciation for the house from one year to the next?

• A)5 percent
• B)6 percent
• C)7 percent
• D)8 percent

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Definitions:

Mouth

The location where a stream, river, or canyon ends, such as where a river enters the sea.

Cross-sectional Area

The area of an object or space as seen from a cut through the object, typically perpendicular to its longest dimension.

Volume

Volume is a measure of the amount of space that an object or substance occupies, commonly expressed in cubic units.

Maximum Sediment Grain Size

The largest diameter of individual grains in a sedimentary deposit, indicating the energy of the transporting medium.