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Maxxie purchased a tract of land for $24,500. Today, the same land is worth $43,800. How many years have passed if the price of the
Maxxie purchased a tract of land for $24,500. Today, the same land is worth $43,800. How many years have passed if the price of the land has increased at an annual rate of 6.4 percent?
Multiple Choice
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9.36 years
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8.32 years
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8.43 years
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8.03 years
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7.02 years
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