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1 a) Four years ago, you bought a land at $70,000. Today you sell it at 114,133. What is the rate that you earn from

1 a) Four years ago, you bought a land at $70,000. Today you sell it at 114,133. What is the rate that you earn from this investment? *

b) How many years does it take for the investment to grow double if the interest rate is 1 per cent? *

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