Question

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

Answer

This answer is hidden. It contains 1 characters.