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How long has Bob owned this land

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Reference no: EM133005358

Question - Bob bought some land costing $14,990 years ago. Today that same land is valued at $55,000. How long has Bob owned this land if the price of land has been increasing at 6 percent per year?

A. 21.82 years

B. 21.98 years

C. 33.14 years

D. 22.31 years

E. 22.44 years

Reference no: EM133005358

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