Real Estate Math
A Hawaii home purchased for $400,000 is sold 5 years later for $520,000. What is the dollar appreciation?
AA. $100,000
BB. $120,000✓ Correct
CC. $130,000
DD. $150,000
Explanation
$520,000 - $400,000 = $120,000 dollar appreciation. Using the values given ($400,000, $520,000), apply the appropriate formula.. The correct answer is B. $120,000.. This is a common calculation on the Hawaii real estate exam.
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