First payment being made today
Problem:
You own an oil well that will pay you $25,000 per year for 8 years, with the first payment being made today. If you think a fair return on the well is 7% how much should you ask for if you decide to sell it.
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Problem: You own an oil well that will pay you $25,000 per year for 8 years, with the first payment being made today.
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