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A road is to be finished 5 years from now. Its annual maintenance after being finished is estimated to be $1,500,000 and is expected to
A road is to be finished 5 years from now. Its annual maintenance after being finished is estimated to be $1,500,000 and is expected to remain that amount each year for a very long time. State below how much money now (to closest dollar) needs to be deposited into a 5.00% savings account to pay for those annual maintenance costs.
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