[Solved] Suppose That the Current Price of Oil Is $60 a Barrel

Question 63
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Suppose that the current price of oil is $60 a barrel and the interest rate is 3%.If the National Petroleum company extracts and sells its oil at $60 a barrel today and the revenue is invested,what will be its value per barrel at the end of year 2?


A)$60
B)$63
C)$63.6
D)$66

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