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Eleven acres of land costing

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Some time ago, Julie purchased eleven acres of land costing $14,090. Today, that land is valued at $37,941. How long has she owned this land if the price of the land has been increasing at 6 percent per year?

  • 16.67 years
  • 17.13 years
  • 17.00 years
  • 16.51 years
  • 16.72 years

Reference no: EM131054231

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