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Bob bought some land costing $16,240. Today, that same land is valued at $46,517. How long has Bob owned this land if the price of

Bob bought some land costing $16,240. Today, that same land is valued at $46,517. How long has Bob owned this land if the price of land has been increasing at 6 percent per year?

a.18.06 years

b.16.22 years

c.19.09 years

d.20.24 years

e.17.19 years

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