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You inherited an oil well that will pay you $ 6 6 , 0 0 0 per year for 2 5 years, with the first

You inherited an oil well that will pay you $

66, 000

per year for

25

years, with the first payment being made today. If you think a fair return on the well is

7.5 %,

how much should you ask for it if you decide to sell it

?

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