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Fundamentals of Business Mathematics in Canada
A city sells plots in its cemetery for $1000 plus

A city sells plots in its cemetery for $1000 plus

A city sells plots in its cemetery for $1000 plus an amount calculated to provide for the cost of maintaining the grounds in perpetuity. This cost is figured at $25 per plot due at the end of each quarter. If the city can invest the funds to earn 3.8% compounded annually in perpetuity what is the price of a nine)

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