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Given an annual opportunity cost of 10%, what is the future value of a $1,000 ordinary...

Given an annual opportunity cost of 10%, what is the future value of a $1,000 ordinary annuity for 1 year?

Thirty years ago, Joo bought 10 acres of land for $1,000 per acre in what is now downtown Houston. If this land grew in value at an annual interest rate of 8%, what is it worth today?

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