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Income from the mining of mineral deposits usually decreases as the resource becomes more difficult to extract. Determine the future worth in year 10 of
Income from the mining of mineral deposits usually decreases as the resource becomes more difficult to extract. Determine the future worth in year 10 of a mineral lease that yielded income of exist14,000 in years 1 through 4 and then the amount decreases by 5% per year through year 10.Use an interest rate of 18% per year. Draw the cash flow diagram
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