Real Estate MathAppreciationEASY
Robin bought her home 5 years ago for $190,000. She sold it for $199,000. How much did the house appreciate?
Correct Answer
A) $9,000.00
Appreciation = Selling Price - Purchase Price = $199,000 - $190,000 = $9,000
Answer Options
A
$9,000.00B
$199,000.00C
$299,000.00D
$389,000.00Video Explanation3 min
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Related Topics & Key Terms
Related Topics:
real-estate-math-calculationproperty-valuationinvestment-analysis
Key Terms:
appreciationselling pricepurchase priceproperty value increasereal estate math
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