income from the mining of mineral deposits


Income from the mining of mineral deposits usually decreases as the resource becomes more difficult to extract. Determine the future worth in year 10 of a mineral lease that yields income of $12,000 in years one through four and then amounts that decrease by $1,200 per year through year 10. Use an interest rate of 16%.

Request for Solution File

Ask an Expert for Answer!!
Macroeconomics: income from the mining of mineral deposits
Reference No:- TGS0499949

Expected delivery within 24 Hours