Question
You just purchased a parcel of land for $10,000. If you expect a 12 percent annual rate of return on your investment, how much
You just purchased a parcel of land for $10,000. If you expect a 12 percent annual rate of return on your investment, how much will you sell the land for in 10 years? a) $25,000 b) $31,058 c) $31,384 d) $34,310 e) $38,720
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