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You inherited an oil well that will pay you $70,000 per year for 25 years, with the first payment being made today. If you think

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You inherited an oil well that will pay you $70,000 per year for 25 years, with the first payment being made today. If you think a fair return on the well is 6.9%, how much should you ask for it if you decide to sell it? a. $879,950,03 b. 5835,502.82 c. $823.152.51 d. $1,014,492.75 e. $893,152.51

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