Multiple Choice
Suppose you inherit an orange grove and it generates an annual return of $16,000. You want to sell it. The interest rate is 8 percent. What should you expect to receive for it?
A) $1,280
B) $2,400
C) 200,000
D) 192,000
E) not enough information is given
Correct Answer:
Verified
Correct Answer:
Verified
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