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Problem #6: An investor pays $475,000 for a mine that will produce level annual revenue for 25 years. What should the level annual revenue be
Problem \#6: An investor pays $475,000 for a mine that will produce level annual revenue for 25 years. What should the level annual revenue be (received at the end of each year) if the investor is to receive 8% annual return on the investment while recovering the principal in a sinking fund earning 6.5% per year? Problem =6: Answer correct to 2 decimals
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