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A natural gas well is projected to produce $231,000 in profit during its first year of operation, $218,000 the second year, $205,000 the third year,

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A natural gas well is projected to produce $231,000 in profit during its first year of operation, $218,000 the second year, $205,000 the third year, and so on, continuing this pattern. If the well is expected to produce for a total of 10 years, and the effective annual interest rate is 6.5%, which of the following most closely represents the present worth of the well? O $1.976,000 O $1,288,000 O $1,459,000 O $1,714,000

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