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The local botanical society wants to ensure that the gardens in the town park, are properly cared for. They recently spent $100,000 to plant the gardens. They would like to set up a perpetual fund to provide $100,000 for future replanting of the gardens every 10 years. If interest is 5%, how much money would be needed to pay the cost of replanting forever?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91777455

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