Question
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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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
