Business, 04.10.2020 17:01, genyjoannerubiera

Our newly constructed retail space is projected to need a face lift in 7 years to keep up with changing tastes. Our projections are that the cost will be $2.5 mil. If we set aside a reserve for replacement our best return prospects for a safe investment (i. e. little risk to principle) suggest a 3% annual interest rate. How much should we deposit annually into that reserve account (sinking fund problem)

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Our newly constructed retail space is projected to need a face lift in 7 years to keep up with chang...