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Rump Hotels and Casinos has a $70,000 parking lot that is expected to grow in value at 5% annually for the first 5 years and
Rump Hotels and Casinos has a $70,000 parking lot that is expected to grow in value at 5% annually for the first 5 years and then grow at 3% annually for the next 5 years. What is the value of the parking lot after 10 years? $100,488.89 $103,569.21 $111,711.66 none of the above
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