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In: Finance
4. Income from the mining of mineral deposits usually decreases as the resource becomes more difficult...
4. Income from the mining of mineral deposits usually decreases as the resource becomes more difficult to extract. Determine the future worth in year 12 of a mineral lease that yielded income of $15,000 in years 1 through 5 and then amounts that decreased by 7% per year through year 12. Use an interest rate of 10% per year. (show the cash flow diagram for full credit)
Solutions
jeff jeffy answered 1 year agoRelated Solutions
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Describe the use and importance to humans of the resource you
choose.
Your original post (of up to 250 words) and at least two
comments (100 words or more) are graded as follows:
Choose an example of an energy, metal, mineral, or rock resource that humans take from the...
Choose an example of an energy, metal, mineral, or rock
resource that humans take from the beach.
Describe the geological origin of the
resource.
Describe the use and importance to humans of the resource
you choose.
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AgCl(s)
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