ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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It costs P500,000 at the end of each year to maintain a section of Kennon Road in Baguio City. If money is worth
10%, how much would it pay to spend immediately to reduce the annual cost to P100,000?
a. List the given variables
b. Formula & Complete solution
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