Mosaic is rehabilitating an old phosphate mine into a, Ask an Expert

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Mosaic is rehabilitating an old phosphate mine into a rather challenging golf course. The cost of building the golf course was $15 million and annual maintenance is expected to cost $2 million. If the golf course attracts 5,000 golfers a month, what fees should the course charge in order to meet the cost of finance, which is estimated to be 8% per year over a period of 25 years?

Please solve it on excel or at least mention the excel function.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92271453

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