The parking lot in yosemite valley will need to be repaved, Business Economics

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The parking lot in yosemite valley will need to be repaved

The parking lot in Yosemite Valley will need to be repaved in 6 years. It will cost $55,000 to repave the parking lot. To have exactly enough money to pay for that repaving, how much money will Yosemite's manager put into an account each year between now and the replacement date if that account earns 3% per year?

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Business Economics: The parking lot in yosemite valley will need to be repaved

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