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You are thinking about investing in a mine that will produce $11,000 worth of ore in the first year. As the ore closest to the

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You are thinking about investing in a mine that will produce $11,000 worth of ore in the first year. As the ore closest to the surface is removed it wil become more ombeilt to extract the of Therefore, the value of the ore that you mine will decline at a rate of 7% per year forewoc. If the appropriate interest rate is a\%, then the value of this mining operation is closesi toe A. $500,000 B. 5100,000 C. $366,667 D. This problem cannot be solved

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