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Quest Monty Lion plans to save $6,000 annually in an account earning 5% so he can purchase a piece of land in Payson in 12

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Quest Monty Lion plans to save $6,000 annually in an account earning 5% so he can purchase a piece of land in Payson in 12 years. Assuming the land increases each year in price due to 3% inflation, what is the cost of the land today? $98,418 $95,502 $66.947 $50 210 $44.767

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