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A) 8.1597 B) 8.2120 C) 2) a couple owing 50 hectares of valuable land have decided to sell the mineral rights on their property to
A) 8.1597 B) 8.2120 C) 2) a couple owing 50 hectares of valuable land have decided to sell the mineral rights on their property to a mining company, their primary objective is to obtain long-term investment income and sufficient money to finance the college education of their two children .since the children are currently 12 and 2 years of age, the couple estimates that the children will start college in 6 and 16 years, respectively from the present time, they therefor make a proposal to the mining company that it pay 12,000$ per year for 20 year beginning 1 year hence plus 6,000$ six years from now and 4,000$ sixteen years from now if the company wants to pay off its lease immediately,how much should it pay now if the investment could make 5% per year? A) 8.1597 B) 8.2120 C) 2) a couple owing 50 hectares of valuable land have decided to sell the mineral rights on their property to a mining company, their primary objective is to obtain long-term investment income and sufficient money to finance the college education of their two children .since the children are currently 12 and 2 years of age, the couple estimates that the children will start college in 6 and 16 years, respectively from the present time, they therefor make a proposal to the mining company that it pay 12,000$ per year for 20 year beginning 1 year hence plus 6,000$ six years from now and 4,000$ sixteen years from now if the company wants to pay off its lease immediately,how much should it pay now if the investment could make 5% per year
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