(Answered) Inflation was 8 percent during the most recent year and

Finance

Inflation was 8 percent during the most recent year and your organization's investment in land rose 12 percent. If the beginning appraised land value was $1,000,000, what increase in specific prices over general price level would be reported, stated in year-end dollars?

A. $20,000

B. $40,000

C. $43,200

D. None of the above

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