Question 34 • 26-27 Ignite Technical Math-Financial Math - MA2007
The home’s value grows by 1.9% each year, so after 10 years its value is $125,000 × (1.019)^10, or about $150,900. Add the $48,300 in value from renovations: $150,900 + $48,300 ≈ $199,200. The correct choice is $199,200.
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