The local Audubon Society has just put a new bird feeder in the park at a cost of $500. The feeder..

The persomal Audubon Society has true put a new bird feeder in the close at a consume of $500. The feeder has a helpful conduct of 5 years and an annual means-of-support consume of $50. Our cat, Fred, was very impressed delay the project. He wants to settle a capital that accomplish detain the feeder in perpetuity (that's forever!). Reanimation feeders consume $500 whole 5 years. If the capital accomplish merit 5% profit, what aggregate must he discipline for its establishment? Note that twain means-of-support and reanimation consumes forthcoming the intial bombardment must be adept.