Estimate selling price of the land in the year of, Financial Management

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Estimate selling price of the land in the year of

If you are working in a company and the company bought a piece of land at the end of year 2014 for O.R 100,000 as a long-term investment. The Company’s financial manager anticipates that the price of the land would increase 18% annually. If the Company is going to sell the property in the year 2023, estimate a selling price of the land in the year of disposal.

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