Question: formation and learned that it was possible to delay cutting the trees of Example 2.4 for another year. The farmer said that from a present

formation and learned that it was possible to delay cutting the trees of Example 2.4 for another year. The farmer said that from a present value perspective, it was not worthwhile to do so. Gavin instantly deduced that the revenue obtained must be less than r. What is r? (An appraisal) You are considering the purchase of a nice home. It is in every way perfect for you and in excellent condition, except for the roof. The roof has only 5 years of life remaining. A new roof would last 20 years, but would cost $ 20,000. The

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