Question
There is a goose that lays golden eggs, one each year, arriving at the end of the year. Each egg weighs one pound. The price
There is a goose that lays golden eggs, one each year, arriving at the end of the year. Each egg weighs one pound. The price of gold is currently $1,247 per ounce (16 ounces in a pound), and this is your best guess for the price going forward. You expect the goose to live 10 years (thus laying 10 eggs). How much is this goose worth today if the discount rate is 8%? Assume the goose provides no additional value (e.g., companionship, food) and that expenses are negligible.
Round to the nearest dollar and enter your answer without $ sign. Example: enter 54123 for $54,123.32.
please use financial calulator
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