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22-06-2020
Mathematics

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You inherited land that was purchased for $30,000 in 1960. The value of the land increases by approximately 5% per year. What will be the approximate value of the land 61 years later in 2021

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merrittmckenna merrittmckenna

22-06-2020

Answer:

$91,500

Step-by-step explanation:

The land appreciates 5% of 30k which is $1,500 and multiply that by 61

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