(Answered) Equipment maintenance costs for manufacturing

Economics

Equipment maintenance costs for manufacturing explosion-proof pressure switches are projected to be $125,000 in year one and increase by 3.5% each year through year five. What is the equivalent annual worth of the maintenance costs at an interest rate of 10% per year, compounded bi-monthly (compounded once in two months)?

The equivalent annual worth is $

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M93120247
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