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Fred purchased a city lot for $39,900. the lot has appreciated at 6.5% annually and is now valued at $287,400. How long has Fred owned

Fred purchased a city lot for $39,900. the lot has appreciated at 6.5% annually and is now valued at $287,400. How long has Fred owned this lot?

Please solve and show the steps using a financial calculator, if not then excel. Thanks.

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