Question: how do you do this? Using the same Land example from Question 5. If the land has been increasing at an annual rate of 7%,
Using the same Land example from Question 5. If the land has been increasing at an annual rate of 7%, what was its price 10 Years ago? Ranch land in Wise County, Texas has been selling for $8,500 per acre. If it is expected to increase in value at a compound rate of 4% per year, what will its value be in 25 Years? Question 5.15 Points Ranch land in Wise County, Texas has been selling for $8,500 per acre. If it is expected to increase in value at a compound rate of 4% per year, what will its value be in 25 Years? Future where - PV. 6 lt / 12 ) 8500 1170.04)? Yoo * 2.67 =($22,695 inction 10 Dainte
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