Order the answer to: A patriotic group of firefighters is raising money to erect

Assignment Help business-economics Order the answer to: A patriotic group of firefighters is raising money to erect

business-economics

Order the answer to: A patriotic group of firefighters is raising money to erect

Question A patriotic group of firefighters is raising money to erect a permanent (i.e., infinite life) monument in New York City to honor those killed in the line of duty. The initial cost of the monument will be $150,000, and the annual maintenance will cost $5000. There will be an additional one-time cost of $20,000 in 2 years to add names of those who were missed initially. At an interest rate of 6% per year, how much money must they raise now in order to construct and maintain the monument forever?
Subject business-economics
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