You inherit a section of farmland on January 1st, 2005, when it is worth $1000 per acre.

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You inherit a section of farmland on January 1st, 2005, when it is worth $1000 per acre. Due to nearby suburban development, it appreciates 5% a year. You decide to sell the section on January 1st, 2015. How much do you receive in total?

Related Book For answer-question

Engineering Economy

ISBN: 978-0132554909

15th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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Posted Date: Feb 20, 2020 12:32 AM

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You inherit a section of farmland on January 1st, 2005, when it is worth $1000 per acre.

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Engineering Economy

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