Business
Business, 28.02.2020 19:19, Marshmallow6989

The local botanical society wants to ensure that the gardens in the town park are properly cared for. The group recently spent $100,000 to plant the gardens. The members want to set up a perpetual fund to provide $100,000 for future replantings every 10 years. a) If interest is 5%, how much money is needed for the fund?b) If the last replanting is in year 100, how much is needed for the fund?

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The local botanical society wants to ensure that the gardens in the town park are properly cared for...

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