Question
A mining company is now planning for the cleanup of an environmentally sensitive gold mine. It is estimated that ib year 10 until 15, the
A mining company is now planning for the cleanup of an environmentally sensitive gold mine. It is estimated that ib year 10 until 15, the company will have to spend $10 million per year for clean up. If the company uses a rate of return of 7% compounded monthly, determine the amount they will have to allocate now, such that they have ability to pay off these obligations?
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Cost Accounting
Authors: Srivastava Lal, Jawahar Lal
5th Edition
1259026523, 978-1259026522
