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1.If you purchase a parcel of land today for $25,000, and you expect it to appreciate 10 percent per year in value, how much will

  • 1.If you purchase a parcel of land today for $25,000, and you expect it to appreciate 10 percent per year in value, how much will your land be worth 10 years from now assuming annual compounding?

  • 2.If you deposit $50 per month in a bank account at 10 percent annual interest (compounded monthly), how much will you have in your account at the end of the 12th year?

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