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Draw clearly the cfd

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A rural town railroad project requires 8 annual maintenance fees. At the end of the first year, the cost is estimated to be $20,000. The good news is that the upkeep fees will be cheaper by 5% annually for the remaining years. If the prevailing interest rate is 6%, how much should the town of "Beautiful Scenery" allocate today to cover all of the future installments? Draw clearly the CFD

Reference no: EM133002739

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