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Question 7 3 points A city sells plots in its cemetery for $1000 plus an amount calculated to provide for the cost of maintaining
Question 7 3 points A city sells plots in its cemetery for $1000 plus an amount calculated to provide for the cost of maintaining the grounds in perpetuity. This cost is figured at $25 per plot due at the end of each quarter. If the city can invest the funds to earn 4.8% compounded annually in perpetuity, what is the price of a plot? Save Answer O $3240.50 $3120.47 O $3200 O $3050.35 O $3000
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
