Question
A mine is purchased for P 1M and it is anticipated that it will be exhausted at the end of 20 years. If the sinking
A mine is purchased for P 1M and it is anticipated that it will be exhausted at the end of 20 years. If the sinking fund rate is 4 %, what must be the annual return from the mine to realize a return of 7 % on the investment?
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Cost Estimating
Authors: Rodney D. Stewart
2nd Edition
0471857076, 978-0471857075
