Question 16 Thirty-two years ago, Jesse Jones bought 20 acres of land for $1,500 per acre in what is now downtown Houston. What is it worth today if this land grew in value at an annual interest rate of 11 percent?

Thirty-two years ago. Jesse Jones bought 20 acres of land for $1,500 per acre in what is now downtown Houston. What is it worth today if this land grew in value at an annual interest rate of 11 percent