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Home Q & A Board Biology-Related Homework Help Environmental and Conservation Biology
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Mpron Mpron
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6 years ago
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
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HaileyianHaileyian
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6 years ago
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Mpron Author
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6 years ago
Thank you, thank you, thank you!
Harvinder
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Yesterday
this is exactly what I needed
klyn
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2 hours ago
Thanks
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