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A house purchased for $320,000 has lost 5% of value each year for the past 5 years. What is it worth now ?

A house purchased for $320,000 has lost 5% of value each year for the past 5 years. What is it worth now ?
asked 142k views
1 vote
A house purchased for $320,000 has lost 5% of value each year for the past 5 years. What is it worth now ?

asked
User FarFarAway
by
8.7k points

2 Answers

1 vote

Answer: 240,000

Explanation:

answered
User Maxim Suslov
by
8.3k points
3 votes
240,000 is the correct answer too your question! hope this helps
answered
User Lkamal
by
8.1k points
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