Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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The annual maintenance cost of a generator is P1000 after 1 year and it is estimated to increase 10% each year for the subsequent 7 years. Find the present worth of the maintenance cost if the rate interest is 9% compounded annually
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