Present valuea section of roadway pavement costs 22000 a, Ask an Expert

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Present value

A section of roadway pavement costs $22,000 a year to maintain. What immediate expenditure for a new replacement of the existing pavement is justified if no maintenance will be required for the first 5 years, $7,500 per year for the next 10 years and $20,000 a year thereafter in 20 year period of interest? Assume money to cost 7%.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91340175

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