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Your parents purchased a farm 46 years ago at a cost of $6,200. Today, that farm could be sold to a land developer for $4,900,000.

Your parents purchased a farm 46 years ago at a cost of $6,200. Today, that farm could be sold to a land developer for $4,900,000. What was the annual percentage increase in the value of the farm? 15.61% 12.42% 9.70% 19.50% None of the other choices are correct

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