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You have invested in a parcel (lot) of land in La Quinta, CA. The land costs $200,000 today, and you are very optimistic and expect
You have invested in a parcel (lot) of land in La Quinta, CA. The land costs $200,000 today, and you are very optimistic and expect it to be worth $800,000 in 10 years. Based on this assumption, what interest rate or "rate of return" do you expect to earn on this investment in raw land over the next 10 years? O (a) 12.82% (b) 14.87% O (c) 16.31% O (d) 19.04%
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