Dr. Bob Jackson owns a parcel of land that a local farmer has offered to rent for 5. the next 10 years. The farmer has offered to pay $20,000 today or an annuity of $3,300 at the end of each of the next 10 years. Which payment method should Dr. Jackson accept if his required rate of return is 11 percent? 6. If you purchase a parcel of land today for $20,000, and you expect it to appreciate 13 percent per year in value, how much will your land be worth 10 years from now? What monthly deposit is required to accumulate $15,000 in eight years if the deposits are compounded at an annual rate of 9 percent