What amount will they need to invest at the end

Reference no: EM133609058

Question: Washington Investments needs $50,000 to replace their building's roof in 10 years time. They can earn an interest rate of 10% compounded annually. What amount will they need to invest at the end of each year to be able to cover the cost of the roof replacement in 10 years?

Reference no: EM133609058

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