Business, 12.11.2019 02:31 jojo10092003

Two oil wells are for sale. the first will yield payments of $9,300 at the end of each of the next 15 years, while the second will yield $7,000 at the end of each of the next 28 years. interest rates are assumed to hold steady at 3.5% per year over the next 28 years. which has the higher present value?

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