You Own an Oil Well That Will Pay You $30,000

question 40

Multiple Choice

You own an oil well that will pay you $30,000 per year for 10 years,with the first payment being made today.If you think a fair return on the well is 8.5%,how much should you ask for if you decide to sell it?

• A)$202,893
• B)$213,572
• C)$224,250
• D)$235,463

---

Definitions:

Racial Disparity

The significant differences in treatment or outcomes between racial or ethnic groups.

Established Business Owner

An individual who owns and operates a business that has demonstrated sustainability and success over time.

All-Female

Comprised entirely of female members or participants, often highlighted in contexts where gender representation is notable.

Housing Construction

The process of building residential buildings, which encompasses planning, design, and construction of houses or apartments.