Question: 6 points Save Answer Suppose that you have a plot of timber on your farm, which you believe if you hold it for the next

6 points Save Answer Suppose that you have a plot of

6 points Save Answer Suppose that you have a plot of timber on your farm, which you believe if you hold it for the next 20 years it will be valued at $30,000. If your minimal acceptable rate of return is 5% per year, what is the current value of the timber? $11,859 $11,586 $11,307 $11,034

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