3) Mr. G deposits $150,000 in a saving account today as a perpetual trust. He believes the account will earn 10% annual interest. The trust is to provide funding for the repairs of a historical building every 3 years, beginning 5 years from now and continuing forever. What uniform amount could be used for each repair?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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don't use excel also can you show me maths solving with equation by hand please....

3) Mr. G deposits $150,000 in a saving account today as a perpetual trust. He
believes the account will earn 10% annual interest. The trust is to provide funding
for the repairs of a historical building every 3 years, beginning 5 years from now
and continuing forever. What uniform amount could be used for each repair?
Transcribed Image Text:3) Mr. G deposits $150,000 in a saving account today as a perpetual trust. He believes the account will earn 10% annual interest. The trust is to provide funding for the repairs of a historical building every 3 years, beginning 5 years from now and continuing forever. What uniform amount could be used for each repair?
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