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Maggie is purchasing an acreage tract of farmland that she is certain will go commercial in the near future. She will pay $ 1 0

Maggie is purchasing an acreage tract of farmland that she is certain will go commercial in the near future. She will pay $

10, 000

for the tract today and hopes to sell it for $

25, 000

in eight years. What rate of return will she make on the investment?

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