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The city of Suburbia received a proposal for plant watering from Water Can Gardening Company. The company would water all city plants for $540 each
The city of Suburbia received a proposal for plant watering from Water Can Gardening Company. The company would water all city plants for $540 each quarter, increasing the amount charged by $22 each subsequent quarter. Water Can Gardening Company requires a 7-year commitment. The mayor has asked you to calculate the equivalent uniform quarterly cost for the plant water service to help with budgeting. Use a nominal annual interest rate of 4%, compounded quarterly, to make the calculation. Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas (")") or a decimal point (":")
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