QUESTION: (a) If interest is 5%, how much money is needed for the fund? (b) If the last replanting is in year 100, how much is needed for the fund?

5-51 The local botanical society wants to ensure that the gardens in the town park are properly cared for. The group recently spent $100,000 to plant the gar- dens. The members want to set up a perpetual fund to provide $100,000 for future replantings every 10 years. (a) If interest is 5%, how much money is needed for the fund? (b) If the last replanting is in year 100, how much is needed for the fund