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You just purchased a parcel of land for $32,000. To earn a 8% annual rate of return on your investment, how much must you sell

You just purchased a parcel of land for $32,000. To earn a 8% annual rate of return on your investment, how much must you sell the land for in 7 years? Assume annual compounding. (Round to nearest penny, e.g. 1234.56)

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