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An investor pays $230,000 for a mine that wil produce level annual revenue for 21 years. What should the level annual revenue be (received at the end of each year) if the investor is to receive 4.5% annual return on the investment while recovering the principal in a sinking fund earning 3% per year?

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Elin Hessel
Elin HesselLv2
1 Mar 2019

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Ace Widget is considering an investment in a new widget machinefor $530,000. The following information has been collected:

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