Maintenance cost for a small bridge with an expected 60 - year life are estimated to be $ 1,000 each year for the first 5 years, followed by a $ 10,000 expenditure in the 15th year and a $ 10,000 expenditure in year thirty.  At 10% interest rate, what is the equivalent uniform annual maintenance cost over the entire 60 - year period?   Select one: a. $ 687 b. $ 768 c. $ 876 d. $ 678

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Chapter1: Making Economics Decisions
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Maintenance cost for a small bridge with an expected 60 - year life are estimated to be $ 1,000 each year for the first 5 years, followed by a $ 10,000 expenditure in the 15th year and a $ 10,000 expenditure in year thirty.  At 10% interest rate, what is the equivalent uniform annual maintenance cost over the entire 60 - year period?

 

Select one:
a. $ 687
b. $ 768
c. $ 876
d. $ 678
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