Business, 15.02.2021 23:00, Myrah4204

A public utility commission requires that a trust fund be established by a private company wishing to build and maintain a water treatment plant for a small city. The company must deposit enough money to build the plant and then to operate the facility in perpetuity. The plant will cost $ 11000000 to build and has an annual operating expense of $ 800000. The trust fund earns 7% interest. What amount must the company put in the trust fund

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A public utility commission requires that a trust fund be established by a private company wishing t...