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Suppose that you are using the Sales Comparison Approach and comparable Sale was sold 1 8 months ago and Sale 2 was sold today. After

Suppose that you are using the Sales Comparison Approach and comparable Sale was sold 18 months ago and Sale 2 was sold today. After adjusting for crop mix and buildings, Sale 1 sold for $950/acre and Sale 2 sold for $ 1,136.34/acre.
A.Use the above information to estimate the percentage time adjustment per month.
B. If the time adjustment per month, compounded monthly, is estimated to be 1.2, what is the dollar time adjustment for Sale and Sale 2?

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