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5) You just purchased a parcel of land for $10,000. If you expect a 12% annual rate of return on your investment, how much will

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5) You just purchased a parcel of land for $10,000. If you expect a 12% annual rate of return on your investment, how much will you sell the land for in 10 years? A) $25,000 B) $31,060 C) $38,720 D) $34,310 Answer: Instructions: Please write the details and the formulas that you use to solve the question of the solution any answer without details will be ignored

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