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You are thinking of buying a six-acre lot for $70,000. The lot will be worth $100,000 in 5 years. (12 total points, 6 point

You are thinking of buying a six-acre lot for $70,000. The lot will be worth $100,000 in 5 years. (12 total points, 6 point each) A. Should you buy the lot if i (the interest rate) = 0.05? B. Should you buy it if i = 0.10?

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