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Leilani purchased land 12 years ago. The price of the land increased at the rate of 2% each year for the past 12 years, and

Leilani purchased land 12 years ago. The price of the land increased at the rate of 2% each year for the past 12 years, and the land would now sell for $35,000. How much did Leilani pay for the land 12 years ago?

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