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end of its life. Operating anc the city's MARR is 7% per ye

end of its life. Operating anc the city's MARR is 7% per ye

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...
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A city is spending $19.3 million on a new sewage system. The expected life of the system is 40 years, and will have no market value at the end of its life. Operating and maintenance expenses for the system are projected to average $0.8 million per year. If the city's MARR is 7% per year, what is the capitalized worth of the system? The study period is 100 years. The capitalized worth of the system is $ million (Round to two decimal places.)
Transcribed Image Text:A city is spending $19.3 million on a new sewage system. The expected life of the system is 40 years, and will have no market value at the end of its life. Operating and maintenance expenses for the system are projected to average $0.8 million per year. If the city's MARR is 7% per year, what is the capitalized worth of the system? The study period is 100 years. The capitalized worth of the system is $ million (Round to two decimal places.)
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