Question: How much must they deposit into the fund to pay for maintenance for this period of time? A company's maintenance costs are currently $2,869 per

How much must they deposit into the fund to pay for maintenance for this period of time?

A company's maintenance costs are currently $2,869 per year. They estimate these

A company's maintenance costs are currently $2,869 per year. They estimate these costs will increase by 19.81% per year over the next 11 years. If their maintenance fund receives 19.81% per year, how much must they deposit into the fund to pay for maintenance for this period of time?

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