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You inherited an oil well that will pay you $12,000 per month for 12 years, with the first payment being made today. If you think

You inherited an oil well that will pay you $12,000 per month for 12 years, with the first payment being made today. If you think a fair return on the well is 7.45%, how much should you ask for it if you decide to sell it?

N = I/YR = PV = PMT = FV =

? =

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