Real Estate Math
An Ohio investment property was purchased for $400,000 and sold 5 years later for $490,000. What is the total dollar appreciation?
A$80,000
B$90,000✓ Correct
C$95,000
D$100,000
Explanation
Appreciation = $490,000 − $400,000 = $90,000. Using the values given ($400,000, $490,000), apply the appropriate formula..
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