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The Creighton family owns a vacation rental which generates $12552 in income each quarter The family outsources maintenance to another company which charges $1260 per quarter

The Creighton family owns a vacation rental which generates $12552 in income each quarter. The family outsources maintenance to another company which charges $1260 per quarter, with the amount increasing by $29 each subsequent quarter. What is the equivalent uniform quarterly worth of the vacation rental when looked at over a 20-year planning period? Use a nominal annual interest rate of 1%, compounded quarterly to make the calculation. Enter your answer as 12345 Round your answer. Do not use a dollar sign ("$"), any commas (","), or a decimal point (".").

Apr 30 2020 View more View Less

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