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An invester wants to know the amount she should pay for an oil well expected to yield an annual return of $ 3 0 ,

An invester wants to know the amount she should pay for an oil well expected to yield an annual return of $30,000 for the next 30 years, after which the well will be dry. Find the amount she should pay to yield a 14% annual return if a sinking fund earns 5% annually. Round the answer to the nearest dollar.
She should pay $Answer 1 Question 6
for the oil well.

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