Multiple Choice
Assume that a piece of land is currently valued at $50,000. If this piece of land is expected to appreciate at an annual rate of 5% per year for the next 20 years, how much will the land be worth 20 years from now?
A) $100,898.99
B) $112,633.09
C) $123,860.81
D) $132,664.89
Correct Answer:
Verified
Correct Answer:
Verified
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