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Problem:

A group of concerned citizens has established a trust fund that pays 5% interest, compounded monthly, to preserve a historical building by providing annual maintenance funds of $80,000 forever.

Required:

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

Note: Provide support for your rationale.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91162307

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