Multiple Choice
A salt mine you inherited 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 mine 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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