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Given the Following Information, Determine the Value of Having an Additional

Question 31

Multiple Choice

Given the following information, determine the value of having an additional bedroom. Assume that the comparable properties are similar in all other attributes besides those listed in the table below.  Comparable 1  Comparable 2 Comparable 3  Comparable 4  Time Sold  Today 1 Year Apo  Today 1 Year Apo  Bathrooms 2223 Bedrooms 4555 Sale Price $250,000$265,000$275,000$270,000\begin{array} { | l | c | c | c | c | } \hline & \text { Comparable 1 } & \text { Comparable } 2 & \text { Comparable 3 } & \text { Comparable 4 } \\\hline \text { Time Sold } & \text { Today } & 1 \text { Year Apo } & \text { Today } & 1 \text { Year Apo } \\\hline \text { Bathrooms } & 2 & 2 & 2 & 3 \\\hline \text { Bedrooms } & 4 & 5 & 5 & 5 \\\hline \text { Sale Price } & \$ 250,000 & \$ 265,000 & \$ 275,000 & \$ 270,000 \\\hline\end{array}


A) $5,000
B) $15,000
C) $20,000
D) $25,000

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