The estimated maintenance costs are 18 000 per year and, Mechanical Engineering

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The estimated maintenance costs are 18 000 per year and

Goderich Automotive (GA) wants to donate a vacant lot next door to its plant to the city for use as a public park and ball field. The city will accept only if GA will also donate enough cash to maintain the park indefinitely. The estimated maintenance costs are $18 000 per year and interest is 7%. How much cash must GA donate?

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