Multiple Choice
You inherited an oil well that will pay you $25,000 per year for 25 years,with the first payment being made today.If you think a fair return on the well is 7.5%,how much should you ask for it if you decide to sell it?
A) $284,595
B) $299,574
C) $314,553
D) $330,281
E) $346,795
Correct Answer:
Verified
Correct Answer:
Verified
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