Some time ago, Julie purchased eleven acres of land costing
$14,890. Today, that land is valued...
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Some time ago, Julie purchased eleven acres of land costing$14,890. Today, that land is valued at $71,805. How long has sheowned this land if the price of the land has been increasing at 6percent per year?
27.13 years
26.51 years
27.00 years
26.72 years
26.67 years
Answer & Explanation
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4.3 Ratings (546 Votes)
Solution Answer is 3rd option 2700 years Working Notes Future value Present Value 1rt Future value today value of land 71805
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