Morgan Jennings a geography professor, invests $98.000 in a parcel of land that is expected...
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Morgan Jennings a geography professor, invests $98.000 in a parcel of land that is expected to increase in value by 12 percent per year for the next five years. He will take the proceeds and provide himself with a 16-year annuity uming a 12 percent interest rate, how much wil this an aty be? Use endX and A en o for an approximate answer but calculate your n al answer using he formula and t calculahor methods (Do not round intermediate calculations. Round your final answer to 2 decimal places.) and Annulily value
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