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A natural gas well is projected to produce $200,000 in profit during its first year of operation, $190,000 the second year, $180,000 the third year, and so on, continuing this pattern. If the well is expected to produce for a total of 10 years, and the effective annual interest rate if 8%, which of the following most closely represents the future worth of the well?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91705721

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