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Perpetual equivalent annual cost at an interest

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Reference no: EM132007282

The State of Chiapas, Mexico, decided to fund a program for improving reading skills in elementary school students. The first cost is $325,000 now and an update amount of $160,000 every 7 years forever. Determine the perpetual equivalent annual cost at an interest rate of 14% per year.

The perpetual equivalent annual cost is determined to be -$

Reference no: EM132007282

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