The city of sustainberg started 2016 with 500000 in cash, Ask an Expert

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The City of Sustainberg started 2016 with $500,000 in cash reserves. In 2016, they expect to spend $1.75 million, and they’ve forecasted $1.8 million in revenues. Their revenues are growing at a rate of 2% per year. Their expenses are growing at a rate of 3% per year. Use this information to answer the next six questions.

Round your answers to the nearest whole dollar.

What is Sustainberg’s projected ending balance for 2017?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91794927

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