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extrl83 extrl83
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An agreement between a hydro company and a local farmer agrees to a payment of $1,000 per month, starting one-year from today, in perpetuity for the construction of a wind generating plant. If the farmer agrees to a one-time payment instead of monthly payments in perpetuity, how much money should the farmer accept if money can earn 2.4% compounded annually? Round your answer to the nearest whole dollar.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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avi420avi420
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