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Bob bought some land costing $16,340. Today, that same land is valued at $46,717. How long has Bob owned this land if the price of

Bob bought some land costing $16,340. Today, that same land is valued at $46,717. How long has Bob owned this land if the price of land has been increasing at 4 percent per year?

a. 26.78 years

b.11.44 years

c.27.85 years

d. 28.96 yearsIncorrect

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