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As the consultant tasked with creating a replacement reserve study for a facility, you're working with the following replacement cost schedule. The starting reserve balance

As the consultant tasked with creating a replacement reserve study for a facility, you're working with the following replacement cost schedule. The starting reserve balance is $25,000, and the annual contribution rate is $25,000. For this study, no interest or inflation is taken into account. With these parameters, what is the financial status of the reserve plan at the conclusion of Year 5? Question 8 options: Surplus Deficit Neutral

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