Question 7 • 26-27 Ignite Financial Literacy Personal Finance - EL3403
Apply each annual increase to the value at the start of that period: after 14 years, the home is worth $165,000 × 1.016⁶ × 1.039⁸ ≈ $246,500. Subtract the original $165,000 to find an increase of about $81,500. The correct choice is $81,500.
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