A city manager wants to invest a sum of money in an account, Ask an Expert

Economics

A city manager wants to invest a sum of money in an account that pays 6% annual interest to cover the monthly operating costs of the city's water treatment plant for the next 6 years. The monthly operating costs for the plant are projected to be $19,000. How much must the city manager invest? Express your answer in $ to the nearest $10,000

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91708151

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