The local botanical society wants to ensure that the gardens in the town park are properly cared
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The local botanical society wants to ensure that the gardens in the town park are properly cared for. They recently spent $100,000 to plant the gardens. They would like to set up a perpetual fund to provide $100,000 for future replanting of the gardens every 10 years. If interest is 5%, how much money would be needed to forever pay the cost of replanting?
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Compute an A that is equivalent to 1000...View the full answer
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