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4. You purchased land near a proposed highway for $8,000 per acre 6 years ago. Today you are selling the land for $20,000 per acre.

4. You purchased land near a proposed highway for $8,000 per acre 6 years ago. Today you are selling the land for $20,000 per acre. What was your annual yield on this investment?5. What is the annual payment on an $875,000 loan at 5.25% interest amortized over 15 years.

5. What is the annual payment on an $875,000 loan at 5.25% interest amortized over 15 years.

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