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3 years ago

5

A property sells for $140,000 two years after it was purchased. If the annual appreciation rate is 6%, how much did the original

buyer pay for it?

1 answer:

kykrilka [37]3 years ago

3 0

Answer:

$123,200

Step-by-step explanation:

0.06 x 2 = 0.12

140,000 x 0.12 = 16,800

140,000 - 16,800 = 123,200

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