Question: River Babylon, an archaeology professor, invests $ 9 9 , 0 0 0 in a parcel of land that is expected to increase in value

River Babylon, an archaeology professor, invests $99,000 in a parcel of land that is expected to increase in value by 15 percent per year for the next ten years. He will take the proceeds and provide himself with a 18-year annuity.

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