Problema group of concerned citizens has established a, Ask an Expert

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Problem:

A group of concerned citizens has established a trust fund that pays 6% interest , compounded monthly, to preseerve a historical building by providing annual maintenance funds of $30,000 forever.

Required:

Question: Compute the capitalized equivalent amount for these building maintenance expenses.

Note: Please provide reasons to support your answer.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148022

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