Property Valuation
A comparable sale closed 6 months ago at $300,000 and the market has appreciated 1% per month since then. What is the time-adjusted price?
A$306,000
B$318,000✓ Correct
C$324,000
D$330,000
Explanation
$300,000 x (1 + 0.01)^6 = $300,000 x 1.
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