Suppose the Current Price of Gold Is $600 Per Ounce

question 30

Multiple Choice

Suppose the current price of gold is $600 per ounce and the price of gold is expected to increase at a rate of 5 percent per year for the foreseeable future. What is the current value of 0.2 million ounces of gold to be produced each year for the next five years (the discount rate is 8 percent per year) ?

• A)$600.00 million
• B)$521.64 million
• C)$690.86 million
• D)$3,000.00 million

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Groups within society that have a lower probability of experiencing certain diseases or health problems due to genetic, environmental, or behavioral factors.

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A professional organization that represents dentists in the United States and promotes dental health.