Question Details

(Solution) - A trust fund is to be established for three purposes 1

Brief item decscription

Solution download


Item details:

A trust fund is to be established for three purposes:
(1) To provide $750,000 for the construction and $250,000 for the initial equipment of a small engineering laboratory;
(2) To pay the $150,000 per year laboratory operating cost;
(3) To pay for $100,000 of replacement equipment every 4 years, beginning 4 years from now.
At 6% interest, how much money is required in the trust fund to provide for the laboratory and equipment and its perpetual operation and equipment replacement?

 







About this question:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Jul 11, 2017

PRICE: $15

Solution~000268973.zip (18.37 KB)

Buy this answer for only: $15

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.
SiteLock

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now