The purchase price of an acre of land in the louisiana
The purchase price of an acre of land in the Louisiana purchase in 1803 was about 6 cents. Suppose the value of this property grew at an annual rate of 4.6% compounded annually. What would an acre of land be worth in 2016?
Now Priced at $10 (50% Discount)
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the purchase price of an acre of land in the louisiana purchase in 1803 was about 6 cents suppose the value of this
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