The average per acre value of Iowa farmland in 2005 was $2,914. The average per acre value of Iowa farmland in 2018 was $7,264. An investor purchased a 200-acre farm in 2005, rented it out to a farmer for $100 per acre each year, and sold it in 2018. Draw the cash flow diagram and determine the rate of return (compound interest). Show your work.

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The cash flow diagram will show the amount of money invested the amount ... View the full answer