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Business, 17.12.2020 21:10 182075

The annual maintenance cost of a monument in the state capital is estimated to be $4850. A perpetual i fund of $100,000 is set up to pay for this maintenance expenditure. Determine the interest rate this fund earns if the interest is compounded quarterly

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The annual maintenance cost of a monument in the state capital is estimated to be $4850. A perpetual...
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