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2. Bob bought some land costing $16,040. Today, that same land is valued at $46,117. How long has Bob owned this land If the price

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2. Bob bought some land costing $16,040. Today, that same land is valued at $46,117. How long has Bob owned this land If the price of land has been Increasing at 4 percent per year? 11.50 years 11.06 years 29.11 years O 26.93 years 27.99 years

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