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Question 15 (6.5 points) Saved The State of Georgia decided to fund a program for restoring and maintaining local museums. The first cost is $250,000
Question 15 (6.5 points) Saved The State of Georgia decided to fund a program for restoring and maintaining local museums. The first cost is $250,000 now, and an additional cost of $80,000 every 8 years forever. The perpetual equivalent annual worth (in years 1 through infinity) of this program at an interest rate of 20% per year is equal to: The answers presented below were calculated using the appropriate factors from interest tables including all their decimal places** $70,001 -$31,996 $130,000 0-$54,849
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