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How much does the town have to set aside at the end

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Question - The state environmental agency directs a town to establish a reserve for closing it's landfill at the end of its useful life, which is expected to last for another 10 years. The required reserve is $2,000,000. How much does the town have to set aside at the end of each year to meet that goal, assuming that it can earn 6% on it's investments? Attach an Excel Spreadsheet showing your analysis.

Reference no: EM132899404

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