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problem: You own an oil well that will pay you $25,000 per year for eight years, with the 1st payment being made today. If you consider a fair return on the well is 7 percent, how much should you ask if you decide to sell it?

[A] $217,513

[B] $315,976

[C] $288,349

[D] $159,732

[E] $116,110

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M921199

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