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The State of Georgia decided to fund a program for restoring and maintaining local museums. The first cost is $250,000 now, and an additional cost
The State of Georgia decided to fund a program for restoring and maintaining local museums. The first cost is $250,000 now, and an additional cost of $80,000 every 8 years forever. The perpetual equivalent annual worth (in years 1 through infinity) of this program at an interest rate of 20% per year is equal to:
**The answers presented below were calculated using the appropriate factors from interest tables including all their decimal places**
Question 15 options:
| -$54,849 |
| -$130,000 |
| -$70,001 |
| -$31,996 |
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