What will a similar condo sell for in five, Financial Management

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What will a similar condo sell for in five

Paul and Mary are looking for a vacation place. They find a small but pleasant condo in Malibu listed at $534,000. They decide that now is not the right time to buy and that they will wait five years. The condos in Malibu appreciated each year at 2%. What will a similar condo sell for in five years?

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