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Business, 19.04.2021 16:20 brooke0713

A town wishes to build a new school that will cost $15,000,000. The school is to be built in 10 years. The town will provide funding for the new school by depositing a uniform amount into an investment fund paying 5% per year, compounded annually. How much must be set aside in each of the 10 years to provide for the new school?

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A town wishes to build a new school that will cost $15,000,000. The school is to be built in 10 year...
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