Trent bought a parcel of land for $20,000 in 1960 when the price index was 100; he sold it in 2019, when the price index was 600, for $100,000. If Trent must pay 20 percent of any capital gain in taxes, what is his after-tax real capital gain (in 2019 dollars)?

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The Answer of Trent bought a parcel of land for $20,000 in 1960 when the price index was 100; he sold it in 2019, when the price index was 600, for $100,000. If Trent must pay 20 percent of any capital gain in taxes, what is his after-tax real capital gain (in 2019 dollars)?

Trent Bought a Parcel of Land for $20,000 in 1960