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3. The owner of a cemetery plans to offer a perpetual care service for grave sites. The owner estimates that it will cost $200 per
3. The owner of a cemetery plans to offer a perpetual care service for grave sites. The owner estimates that it will cost $200 per year to maintain a grave site. If the interest rate is 15%, what one-time fee should the owner charge for the perpetual care service? (a) $1433.33 (b) $1333.33 (c) $1533.67 (d) $7133.67
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