Question: Using the Future Value (FV) formula discussed in class, solve the problem below. Assume the total cost of a land will be $100,000 when

Using the Future Value (FV) formula discussed in class, solve the problem below. Assume the total cost of a land will be $100,000 when you decide to invest in the land in 10 years. You have $5,000 to invest today. What rate of interest must you earn on your (5 marks) investment to cover cost of your land investment?

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