The members want to set up a perpetual fund to provide


The local botanical society wants to ensure that the gardens in the town park are properly cared for. The group recently spent $100,000 to plant the gardens. The members want to set up a perpetual fund to provide $100,000 for future replantings 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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Business Economics: The members want to set up a perpetual fund to provide
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