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For instance, if someone pays $$100,000$ for a piece of land that will appreciate in value $5\%$ per year,

how much will the land be worth after $10$ years?

Problem $4$

If someone pays $$100,000$ for a piece of land that will appreciate in value $5\%$ per year,

how much will the land be worth after $10$ years?

After $10$ years the land would be worth $$162,889\mathrm{.}46.$

Jsing a Financial Calculator