An environmental trust will pay $73,726 once every 3 years for remediation of a site for an indefinitely long period of time. The interest rate is 7% per year. If the project is due to start, and the first payment made, in 3 years, how much money must be invested today? Round to the nearest dollar.

Answer rating: 100% (QA)

This scenario involves a perpetuity which is a stream ... View the full answer