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Business, 12.10.2021 09:20 goodperson8449

A design-build-operate engineering company in Texas that owns a sizable amount of land plans to lease the drilling rights (oil and gas only) to a mining and exploration company. The contract calls for the mining company to pay $15,000 per year for 20 years beginning 3 years from now (i. e., beginning at the end of year 3 and continuing through year 22) plus $8,000 six years from now and $12,000 sixteen years from now. Find the future worth F in year 22 with an interest rate of 16% per year.

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A design-build-operate engineering company in Texas that owns a sizable amount of land plans to leas...
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