Linking prices

Kathyan | 17:12 Wed 05th Oct 2011 | Business & Finance

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Can anyone tell me why the price of electricity and gas is linked to the price of oil?

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In January 2011, your friend Leo signs a contract to play for a minor league baseball team. He will receive $600,000 for 2011, $700,000 for 2012, $800,000 for 2013, and $900,000 for 2014. All payments are made at the end of year. Assume 8% annual interest

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dzug2

Because oil is used to generate electricity - as is gas.

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Linking prices

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