Berklin county has a deal with the local convention center, Ask an Expert

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Berklin County has a deal with the local convention center to help pay for maintenance. The county will pay $4817 each month and increase its payment by 0.5% each subsequent month. The county has committed to paying this maintenance for 10 years. How much should the county set aside today to pay for this future maintenance if the bank pays 6% per year, compounded monthly?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91804718

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