You just purchased a parcel of land for $10,000. If you expect a 12 percent annual...

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You just purchased a parcel of land for $10,000. If you expect a 12 percent annual rate of return on your investment, how much will you sell the land for in 10 years? a) $25,000 b) $31,058 c) $31,384 d) $34,310 e) $38,720 You just purchased a parcel of land for $10,000. If you expect a 12 percent annual rate of return on your investment, how much will you sell the land for in 10 years? a) $25,000 b) $31,058 c) $31,384 d) $34,310 e) $38,720

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To calculate the future selling price of the land in 10 yea... View the full answer