Question: A = 9 % 7. A couple owns 50 acres of land of certain value, and decided to sell the rights to exploit the mines

A = 9 %

7. A couple owns 50 acres of land of certain value, and decided to sell the rights to exploit the mines that they have in their property to a mining company. Their objective is to obtain a periodical income during retirement time, as well as to pay college of their two sons. Their wish is to receive $20,000 every year during 20 years starting next year, plus $10,000 in year six and $15,000 in year sixteen. If the company that is interested in buying the rights wants to pay now, How much will it need to pay if the interest rate is A%? (Indicate which would be the cash flow diagram)

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