Question: Bernalillo County has just opened a new solid - waste facility costing $ 3 . 7 M . They estimate its useful life to be

Bernalillo County has just opened a new solid-waste facility costing $3.7M. They estimate its useful life to be 30 years, at which time they will cap it. The County wants to start saving now for the $6.3M needed to cap the facility by putting a line item in their budget for each of the next 30 years. They should budget $ yearly to have the estimated $6.3M needed. The interest rate is 9%.
52,500
79,400
66,800
46,300
 Bernalillo County has just opened a new solid-waste facility costing $3.7M.

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