Problema construction firm has purchased a crane that comes, Ask an Expert

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Problem:

A construction firm has purchased a crane that comes with a 4-year warranty. Repair costs are expected to average $3500 per year beginning in Year 5 when the warrant expires.

Required:

Question: Determine the present worth of the crane's repair costs over its's 16 year life. The interest rate is 12%

Note: Please show how to work it out.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162206

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