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Extract valuable minerals

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Reference no: EM131777540

Eastinghome Inc. just agreed to pay $8,000 today, $10,000 in one year, and $15,000 in two years to a landowner to explore for but not extract valuable minerals. If the landowner invests the money at a rate of 5.5% compounded annually, what is the investment worth two years from today.

Reference no: EM131777540

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