Multiple Choice
You own an oil well that will pay you $30,000 per year for 10 years,with the first payment being made today.If you think a fair return on the well is 8.5%,how much should you ask for if you decide to sell it?
A) $202,893
B) $213,572
C) $224,250
D) $235,463
Correct Answer:
Verified
Correct Answer:
Verified
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