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4. You purchase a 3 acres of land today for $50,000. For how much will you have to sell the property in 15 years to

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4. You purchase a 3 acres of land today for $50,000. For how much will you have to sell the property in 15 years to earn a 10 percent annual return on both your initial $50,000 outlay and the expected annual payment of $1,000 for property taxes and insurance? Assume these funds could be invested at comparable risk to earn a 10 percent annual return. Remember: there may be more than one negative entry

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