You are asked to advise whether to immediately begin extracting the oil or wait 5 years to begin extraction
If the annual interest rate is 5%, at least how much would the oil have to be worth in the future market for you to advise waiting 5 years to begin extraction? Assume that you are asked to base your recommendation solely on the money earned.
A) Approximately $12 million B) Approximately $13 million
C) Approximately $20 million D) Approximately $10.5 million
B
You might also like to view...
The density of air greatly influences its ____________ and water content. Fill in the blank(s) with the appropriate word(s)
What is the atomic number of the element produced when an element with atomic number Z undergoes electron capture?
A) Z __ 2 B) Z __ 1 C) Z + 1 D) Z + 2
Most tornadoes are fairly weak, with wind speeds of 45 meters per second or less
Indicate whether the statement is true or false
The most luxuriant vegetation found in any climatic realm is the ________
A) taiga B) tropical rain forest C) tundra D) savannah E) mid-latitude forest