You inherited an oil well that will pay you $61,000 per year for 25 years, with the first payment being made today If you think a fair return on the well is 8 3 , how much should you ask for it if you decide to sell it a $687,504 93 b $634,815 27 c $642,488 70 d $734,939 76 e $695,815 27

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You inherited an oil well that will pay you $61,000 per year for 25 years, with the first payment being made today  If you think a fair return on the well is 8 3 , how much should you ask for it if you decide to sell it  a  $687,504 93 b  $634,815 27 c  $642,488 70 d  $734,939 76 e  $695,815 27

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Question

You inherited an oil well that will pay you $61,000 per year for 25 years, with the first payment being made today. If you think

You inherited an oil well that will pay you $61,000 per year for 25 years, with the first payment being made today. If you think a fair return on the well is 8.3%, how much should you ask for it if you decide to sell it? a. $687,504.93 b. $634,815.27 c. $642,488.70 d. $734,939.76 e. $695,815.27

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