Real Estate Principles 3rd Edition by David Ling,Wayne Archer

Exercise 13

If a landowner purchased a vacant lot six years ago for $25,000, assuming no income or holding costs during the interim period, what price would the landowner need to receive today to yield a 10 percent annual return on the land investment
A) $40,262.75.
B) $41,132.72.
C) $44,289.03.
D) $64,843.563.