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Mathematics, 21.12.2020 19:40 jess7kids98
A gold mine is projected to produce $52,000 during its first year of operation, $50,000 the second year, $48,000 the third year, and so on. If the mine is expected to produce for a total of 20 years, and the effective annual interest rate is 4%, its present worth is nearest to:
a. $679,515
b. $1,127,810
c. $456,385
d. $483,566
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A gold mine is projected to produce $52,000 during its first year of operation, $50,000 the second y...
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