The property amount after 11 years is $95,250.
Both the valuable objects themselves and the collection of legal rights that give people control over them are referred to as property. Depending on the kind of property, an owner may be able to use it properly in accordance with the rights that have been granted to it, modify it, share it with the others, redefine it, rent it, pawn it, sell it, exchange it for another piece of the property, give it away, or destroy it. However, a property owner may have the authority to forbid others from doing any of these actions, regardless of the type of property. The three primary categories of property recognized by economics and political economy are private, public, and collective (also called cooperative property).
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