Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Maintenance cost for a small bridge expected to last for 60 years is estimated to be Php1,000 each for the first 5 years, followed by a Php10,000 expenditure in the 15th year and Php10,000 in the 30th year. If interest is 10% per year, what is the equivalent uniform annual cost over the 60 year period?
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