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Governor of New York wants to honor 9/11 victims by constructing a permanent (infinite life) monument in New York City. The initial cost of the
Governor of New York wants to honor 9/11 victims by constructing a permanent (infinite life) monument in New York City. The initial cost of the monument will be $150,000, and the annual maintenance cost will be $5,000 starting at year 1. At an interest rate of 4% per year, the amount of money they must raise now in order to build and maintain the monument forever is closest to O $295,370 O $259,677 O $233,333 O $275,000
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