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You have inherited land that was purchased for $30,000 in 1960. The value of the land increased by approximately 5% per year. What is the approximate value of the land in the year 2015?
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You have inherited land that was purchased for $30,000 in 1960. The value of the land increased by approximately 5% per year. What is the approximate value of the land in the year 2015?

User Saneesh
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1 Answer

7 votes

Answer:

$112,500

Explanation:

User Jamie Barker
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