If the firm must have 20 million when the mine is closed, Financial Management

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If the firm must have 20 million when the mine is closed

1. Identify and discuss 5 different financial ratios, show how they are calculated (formula and data sources), and what the ratios seek to identify.

2. A mining firm makes annual deposits of $500,000 into a reclamation fund for 30 years. If the firm must have $20 million when the mine is closed, what interest rate as a percentage must the investment earn?

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Financial Management: If the firm must have 20 million when the mine is closed

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Financial Management: If the firm must have 20 million when the mine is closed

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