Michael and Sandy purchased a home for $100,000 five years ago. If it appreciated 6% annually, what is it worth today? Group of answer choices $106,000 $130,000 $133,823 $135,603

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A: The concept of time value of money will be applied here. As per the concept of time value of money…

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A: Note: As per guidelines, only the first question will be answered.   1. The market value will be…

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A:

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A: Given: Particulars Amount Cost of house $1,300,000 Interest rate 2.55% Years 30

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Q: Am. 111.

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