Question 9 • 26-27 Ignite Financial Literacy Personal Finance - EL3403
The home’s value grows by 3.5% each year, so use compound growth: $184,000 × (1.035)^13 ≈ $287,800. Subtract the original cost: $287,800 − $184,000 ≈ $103,800 profit. The correct choice is $103,800.
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