Answered step by step
Verified Expert Solution
Question
1 Approved Answer
an open-pit mine must fund an account now to pay for maintenance of a tailing pond in perpetuity (after the shuts down in 20 years).
an open-pit mine must fund an account now to pay for maintenance of a tailing pond in perpetuity (after the shuts down in 20 years). the costs until shutdown are part of the mines operating costs. the maintenance costs begin in 20 years at 200000 annually. how much must be deposited now if the fund will earn 7% interest? A) assume the maintenance costs do not change
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started