Yet another math problem
Thank you so much for helping me out so far, everyone. I got another math problem for you:
"A buyer purchased a SFR three years ago for $195,000. The property has appreciated at the rate of 5% annually. If this is true, what is the current fair market value of the SFR?"
A: $225,737
B: $230,737
C: $220,737
D: $224,737