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Bob bought some land costing $16,290. Today, that same land is valued at $46,617. How long has Bob owned this land if the price of

Bob bought some land costing $16,290. Today, that same land is valued at $46,617. How long has Bob owned this land if the price of land has been increasing at 5 percent per year?

21.55 years

23.73 years

13.63 years

22.60 years

14.31 years

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