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Land has become available at a discount in an area that you believe is going...

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Finance

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Land has become available at a discount in an area that you believe is going to be a prime retail market within the next ten years. The property is being offered at $250,000 and you feel that in 10 years it would be worth $1,000,000. Assuming you purchased the land for the current discounted price what would your return be if your projections are correct. (Round to two decimals)

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