Question
How do I calculate the below question? I got an answer of 36,000. It is estimated that the annual maintenance cost of a statue erected
How do I calculate the below question? I got an answer of 36,000.
It is estimated that the annual maintenance cost of a statue erected in front of a public building in a state capital would be $1,000. Assuming an interest rate of 4% year compounded monthly, determine the capitalized cost for maintaining the statue.
$25,000.00
$24,544.97
$36,000.00
$25,544.97
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
