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What is the price of a plot if the funds are invested

A Pet Cemetary sells plots for $3000 plus an amount calculated to provide for the cost of maintaining the grounds in perpetuity. This cost is $55/month due at the end of each month. If the funds are invested at 8.5% compounded quarterly, what is the price of a plot?

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Solution Preview :

Prepared by a verified Expert

Mathematics: What is the price of a plot if the funds are invested

Reference No:- TGS0689449

Have a Question? (oR Write a Review)

Recent Questions Asked Mathematics

Q : What semi-annual contributions including must make

Q : Determine the breakeven in units and dollars

Q : Determine the cost of head lamps

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Q : Determine the direct materials quantity

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Solution Preview :

Prepared by a verified Expert

Mathematics: What is the price of a plot if the funds are invested

Reference No:- TGS0689449

Recent Questions Asked Mathematics

Q : What semi-annual contributions including must make

Q : Determine the breakeven in units and dollars

Q : Determine the cost of head lamps

Q : What is the maximum amount of each bursary

Q : What is the price of a plot if the funds are invested

Q : What is the amount of loss rockwell can claim

Q : Determine the direct materials quantity

Q : What amount is required to fund a perpetuity

Q : Determined the quality of the fluid-vapor mixture

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