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You just purchased a parcel of land for $ 1 1 3 0 0 0 To earn a 1 3 % annual rate of return

You just purchased a parcel of land for $

113000

To earn a

13 %

annual rate of return on your investment, how much must you sell the land for in

6

years? Assume annual compounding.

(

Round to nearest penny, e

.

. 1234.56)

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