A town has just replaced a water storage tank and associated feeders from it throughout the community. It is estimated that the annual service requirements will be $44,000 the first year, with $11,000 increases in each subsequent year for 8 years. The community's time value of money is 4%. Which Excel® entry should you use to determine the future worth of these maintenance expenses at the end of year 8. O =NPV(4%,8,,540227) O=FV (4%,8,,-44000) O=FV (4%,8,,-540227) OFV(8.4.-11000)

A town has just replaced a water storage tank and associated feeders from it throughout the community. It is estimated that the annual service requirements will be $44,000 the first year, with $11,000 increases in each subsequent year for 8 years. The community's time value of money is 4%. Which Excel® entry should you use to determine the future worth of these maintenance expenses at the end of year 8. O =NPV(4%,8,,540227) O=FV (4%,8,,-44000) O=FV (4%,8,,-540227) OFV(8.4.-11000)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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