Business, 06.05.2020 07:00 boi1234520

(4 pts) A city is trying to attract a new business to the area. It has offered to install and operate a water pumping plant to provide service to the proposed plant site. This would cost $50,000 now, plus $5,000 per year in operating costs for the next ten years. To reimburse the city, the new business must pay a fixed uniform annual fee, A, at the end of each year for ten years. In addition, they are to pay the city $50,000 at the end of ten years. As the assistant city engineer, it is your job to determine the amount of the uniform annual fee, A, which would make the total amount paid by the company equivalent to the amount paid by the city. Assume an interest rate of 10% per year

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(4 pts) A city is trying to attract a new business to the area. It has offered to install and operat...