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You are considering the purchase of some raw land. If the property is expected to be worth $50,000 in 15 years, what is the present

You are considering the purchase of some raw land. If the property is expected to be worth $50,000 in 15 years, what is the present value of this investment? Assume there will be no intermittent cash inflows or outflows and that the investor expects to earn a 10% annual return on such investments.

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