Assume That a Piece of Land Is Currently Value at $50,000.If

question 2

Multiple Choice

Assume that a piece of land is currently value at $50,000.If this piece of land is expected to appreciate at an annual rate of 5% per year for the next 20 years,how much will the land be worth 20 years from now?

• A)$100,898.99
• B)$112,633.09
• C)$123,860.81
• D)$132,664.89

---

Definitions:

Sternberg's

refers to Sternberg's Triarchic Theory of Intelligence, which posits three main components of intelligence: analytical, creative, and practical.

Triangular Theory

A theory that describes love in terms of three components: intimacy, passion, and commitment, positing that different combinations lead to different types of love.

Sternberg's

Pertains to theories developed by psychologist Robert Sternberg, notably his Triarchic Theory of Intelligence.

Intimacy

A tight-knit, intimate bond that is typically characterized by affection or love, shared between an individual and another person or collective.