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A salt mine you inherited will pay you $48,000 per year for 25 years, with the first payment being made today. If you think a

A salt mine you inherited will pay you $48,000 per year for 25 years, with the first payment being made today. If you think a fair return on the mine is 7.5%, how much should you ask for it if you decide to sell it?

Select the correct answer.

a. $575,044.71
b. $575,320.11
c. $575,182.41
d. $574,769.31
e. $574,907.01

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