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Ten years ago Mr. Robinson bought 30 acres of land for $2,000 per acre. A golf course developer has recently offered Mr. Robinson $1,000,000 for

Ten years ago Mr. Robinson bought 30 acres of land for $2,000 per acre. A golf course developer has recently offered Mr. Robinson $1,000,000 for the land. If Mr. Robinson decides to sell his land, at what annual rate would his investment have grown?

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