Real Estate Math
A North Dakota property appreciates at 4% per year. If the current value is $300,000, what will it be worth in one year?
A$304,000
B$308,000
C$312,000✓ Correct
D$316,000
Explanation
Future value = $300,000 × (1 + 4%) = $300,000 × 1.04 = $312,000.
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