The maintenance cost of an old truck in a farm is expected, Ask an Expert

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The maintenance cost of an old truck in a farm is expected to be $1, 000 in year 1. The cost is to increase at the rate of 5% per year. If the truck can be used for 5 years and interest rate is 9% per year, find the present worth of the maintenance cost for the next four years. Draw the cash flow diagram.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92058062

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