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Goderich Automotive (GA) wants to donate a vacant lot next door to its plant to the city for use as a public park and
Goderich Automotive (GA) wants to donate a vacant lot next door to its plant to the city for use as a public park and ball field. The city will accept only if GA will also donate enough funds to maintain the park indefinitely. The estimated maintenance costs are $12,000 per year and interest is 5 percent. How much must GA donate? GA must donate $ (Round to the nearest dollar as needed.)
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To calculate the amount that GA must donate to cover the maintenance costs of the park indefinit...
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
