The annual cost to maintain a cemetery plot is $75. If interest is 6% how much must be set aside to pay for perpetual maintenance? a. $1,150 b. $1,200 c. $1,250 d. $1,300

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Chapter9: The Basic Tools Of Finance
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The annual cost to maintain a cemetery plot is $75. If interest is 6% how much must be set aside
to pay for perpetual maintenance?
a. $1,150
b. $1,200
c. $1,250
d. $1,300

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