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Some time ago, Richard purchased five acres of land costing $123,400. Today, that land is valued at $221,609. How long has he owned this land

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Some time ago, Richard purchased five acres of land costing $123,400. Today, that land is valued at $221,609. How long has he owned this land if the price of land has been increasing at 5% per year? 16 years 14 years 12 years 10 years

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