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Real Estate License Exam Math Practice Test

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Ferraro bought a lot for $20,000 in 2003 and spent $130,000 to build a house on it in 2005. Today the house has increased 40% in value while the lot has increased 800%. What is the combined value of house and lot today?
Correct Answer:
$362,000
Explanation:
Correct answer: $362,000

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