You purchase an orange grove in Florida today for $2,300,000. If its value increases by a compounded
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Question:
You purchase an orange grove in Florida today for $2,300,000. If its value increases by a compounded rate of 3.6% per year, how many years will it take for the value to rise to $4,000,000?
- A.28.827
- B.46.341
- C.6.261
- D.29.886
- E.15.647
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