An open-pit mine must fund an account now to pay for

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An open-pit mine must fund an account now to pay for maintenance of a tailing pond in perpetuity (after the shuts down in 20 years). the costs until shutdown are part of the mines operating costs. the maintenance costs begin in 20 years at 200000 annually. how much must be deposited now if the fund will earn 7% interest?

Reference no: EM13597413

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