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You have inherited land that was purchased for $65,000 in 2015. The value of the land increased by approximately 5% per year. What is the approximate value of the land in the year 2030?
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15 votes
You have inherited land that was purchased for $65,000 in 2015. The value of the land

increased by approximately 5% per year. What is the approximate value of the land in
the year 2030?

User Yehan
by
7.0k points

1 Answer

9 votes

Answer:

in 2030 the land will aproxmatly be worth $113750

Explanation:

User Wendell
by
7.5k points
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