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Problem 30. A research foundation wishes to set up a trust fund earning 10% compounded annually to a. provide P 2,000,000 for the lot and

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Problem 30. A research foundation wishes to set up a trust fund earning 10% compounded annually to a. provide P 2,000,000 for the lot and building and P 1,000,000 for the initial equipment of a Structural Engineering and Materials Laboratory; pay P 400,000 for the annual operating costs every year, and c. pay P 500,000 for the purchase of new equipment and replacement of some equipment every 5 years beginning 5 years from now. How much money should be paid into the fund for the building and equipment and to pay for perpetual operation and equipment replacement

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