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Question 1 (0.2 points) You just purchased a parcel of land for $70000. If you expect to earn a 5% annual rate of return on i
Answer Hide hint for Question 1 Method 1: Future value of the land= current price *(1+ annual rate of return) (number of year
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Answer #1

Hello SIr/ Mam

Q - 1 - YOUR REQUIRED ANSWER IS $1,14,022.62

We know that:

Future Value = Present Value *(1 + r)

Future Value = $1,14,022.62

I hope this solves your doubt.

Feel free to comment if you still have any query or need something else. I'll help asap.

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