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Business, 19.02.2021 01:00 hiji0206

An engineering company in Wyoming that owns 50 hectares of valuable land has decided to lease the mineral rights to a mining company. The primary objective is to obtain long-term income to finance ongoing projects 6 and 16 years from the present time. The engineering company makes a proposal to the mining company that it pay $10,000 per year for 20 years beginning 1 year from now, plus $5,000 six years from now and $7,500 sixteen years from now. If the mining company wants to pay off its lease immediately, how much should it pay now if the investment is to make 16% per year

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