Annual maintenance costs for a machine are ₱ 1,500 this year and are estimated to increase 10% each year every year. What is the present worth of the maintenance cost for six years if a. i = 8%  b. i = 10%

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Chapter19: Capital Investment
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Annual maintenance costs for a machine are ₱ 1,500 this year and are estimated to increase 10% each year every year. What is the present worth of the maintenance cost for six years if
a. i = 8% 
b. i = 10% 

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