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Maxxie purchased a tract of land for $ 2 7 , 5 0 0 . Today, the same land is worth $ 3 9 ,

Maxxie purchased a tract of land for $27,500. Today, the same land is worth $39,200. How many years have passed if the price of the land has increased at an annual rate of 6.8 percent?
Multiple Choice
4.85 years
4.79 years
5.39 years
4.62 years
4.04 years

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