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You own an oil well from which you will receive 10 annual payments of $30,000. The first payment will be made 2 years from now(end
You own an oil well from which you will receive 10 annual payments of $30,000. The first payment will be made 2 years from now(end of second year). If you think a fair return on the well is 5,5%, how much should you ask if you decide to sell now?
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