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A major ball field is being considered to be built in a metropolitan by a High Tech company at a cost of $50M. The construction company recommends a major renovation every 50 years at a cost of $10M. If the corporation wants to set up a trust fund to pay for this ball field expense for years to come, what should this amount be at interest rate of 6%?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91232072

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