Asked by Maddie

An investor wants to know the amount she should pay for an oil well expected to yield an annual return of 30000 for the next 30 years, after which the well will be dry. Find the amount she should pay to yield a 14% annual return if a sinking fund earns 10% annually. Round the answer to the nearst dollar.
Answered by kity
43
Answered by gaby
75576
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