Property Valuation
A Connecticut property sold six months ago at $495,000. Market values have increased 4% annually since then. What is the time-adjusted value today?
A$499,000
B$503,900
C$504,900✓ Correct
D$514,800
Explanation
6-month adjustment = $495,000 × (1 + 0.04 × 6/12) = $495,000 × 1.
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