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Business, 18.07.2019 03:20 joe805

An oil-producing country expects the price of oil to change next year according to the hotelling principle. the current interest rate is 3 percent a year. if the current price of a barrel of oil is $70, what is next year's expected price of oil? next year's expected price of oil is $ nothing a barrel. > > > answer to 2 decimal places.

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