Question 8 • 26-27 Ignite Financial Literacy Personal Finance - EL3403
The home’s value after seven years of 2.5% annual growth is $168,000 × 1.025⁷, or about $199,700. Add the $52,000 in value from improvements: $199,700 + $52,000 = $251,700. To the nearest hundred dollars, Lily will sell the home for $251,700, choice D.
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