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Your family purchased a home in Aspen, CO in 2020 for the price of $1200000....

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Finance

Your family purchased a home in Aspen, CO in 2020 for the price of $1200000. You expect to inherit the residence in 2030. During the period in which your family owned the residence, the value increased at an annual rate of 7.00%. How much will the residence be worth when you inherit the home in 2030?

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