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The State of Chiapas, Mexico, decided to fund a program for improving reading skills inelementary school students. The first cost is $325,000 nowand an update

The State of Chiapas, Mexico, decided to fund a program for improving reading skills inelementary school students. The first cost is $325,000 nowand an update amount of$160,000 every 6 years forever. Determine the perpetual equivalent annual cost at aninterest rate of 12% per year.

The perpetual equivalent annual cost is determined to be -$______.

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