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Alissa has purchased land for $42,000. Its value is increasing at a rate of 1.75% per year. What will be the approximate value of the land in 12 years?

Alissa has purchased land for $42,000. Its value is increasing at a rate of 1.75% per year. What will be the approximate value of the land in 12 years?
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Alissa has purchased land for $42,000. Its value is increasing at a rate of 1.75% per year. What will be

the approximate value of the land in 12 years?

User Teasha
by
7.9k points

1 Answer

4 votes

Answer:

42000(1.0175)^12 = $51720.45

Explanation:

User Cthos
by
8.2k points
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