Assume you are considering purchasing some pastureland in Buffalo County for $3,500 per acre. If you expect

Fantastic news! We've Found the answer you've been seeking!

Question:

Assume you are considering purchasing some pastureland in Buffalo County for $3,500 per acre. If you expect the value to increase by 5.50% per year, what will the land be worth in 10 years? Record the requested information / answers in the space provided.

	Record answers below
a) Future value or present value?
b) Lump sum or annuity?
c) Interest rate (i)?
d) Conversion periods (n)?
e) Payment (PMT)?
f) Calculated value (answer)