A road requires no upkeep until the end of 3 years when P100,000 will be needed for repairs. After this, P80,000 will be needed for repairs at the end of each year for the next 6 years, then P130,000 at the end of each year for the next 6 years. If money is worth 14% compounded annually, what was the equivalent uniform annual cost for the 15-year period? Kindly anwer this engineering economy problem. Thank you

EBK CFIN
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ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter10: Project Cash Flows And Risk
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A road requires no upkeep until the end of 3 years when P100,000 will be needed for repairs. After this, P80,000 will be needed for repairs at the end of each year for the next 6 years, then P130,000 at the end of each year for the next 6 years. If money is worth 14% compounded annually, what was the equivalent uniform annual cost for the 15-year period?

Kindly anwer this engineering economy problem. Thank you

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