Verified Answer :

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To get price after increase in first year, 96000(1.045) = 100,320
Then 2nd year, 100320(1.045) = 104834.40
then after 3rd year, 104834.4(1.045) = 109551.948

$109,551.95 is price after 3 years. Round to nearest whole number would be $109,552
 

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