Shirley purchased a plot of land for $19,500. The land appreciates about 3.9% each year. What is the value of the land after five yea

Question

Shirley purchased a plot of land for $19,500. The land appreciates about 3.9% each year. What is the value of the land after five years?

$23,610.89

$19,818.94

$15,982.75

$23,302.50

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Josephine 3 weeks 2021-10-01T06:11:03+00:00 1 Answer 0

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    2021-10-01T06:12:28+00:00

    Answer:

    The value of the land after five years is $23,302.50.

    Step-by-step explanation:

    First you need to find 3.9% of $19,500 which is $760.5.

    Then, you multiply 760.5 by 5 years and you get 3,802.5.

    Lastly, you add 3,802.5 to 19,500 and get a total of $23,302.50.

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