Determine the present value of a mine to an investor if an initial profit of 250,000 is
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Question:
Determine the present value of a mine to an investor if an initial profit of 250,000 is expected after 4 years, net operating profit is projected to increase by 75,000 every 6 months until the mine is depleted at the end of 12 years. Money is worth 8% compounded semi-annually.
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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