A gold mine produced $3.000.000 worth of gold over the past year. The value of the gold from the ground at this site is falling at the rate of 6 percent every year, and is expected to do so into perpetuity. However, the mine will be shut down after 15 years of operations (assume zero salvagecosts).

What is the value of the gold mine today?

Answer rating: 100% (QA)

Cal culation Present Value of Gold Mine 3 000 000 1 0 06 1... View the full answer