You purchase a quarter section (160 acres) of land for ($176),000 today and sell it in exactly

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You purchase a quarter section (160 acres) of land for $$176$,000 today and sell it in exactly 9 years for $$525$,000 at auction. At what annual compound rate did the value of your land grow?

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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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Question Posted: Mar 26, 2024 01:02 AM

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You purchase a quarter section (160 acres) of land for ($176),000 today and sell it in exactly

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To find the annual compound rate at which the value of the land grew we can use the form...View the full answer

Principles Of Engineering Economic Analysis

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