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1. 12 years ago, a commercial building was purchased for $30,000. What would the selling price be necessary to recover the investment assuming an annual

1. 12 years ago, a commercial building was purchased for $30,000. What would the selling price be necessary to recover the investment assuming an annual rate of 12% was desired in addition to the investment? (assume annual compounding and no selling costs)

A) $7,000
B) $73,000
C) $120,000
D) $116,879

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