SHOW SOLUTION 3.The maintenance cost of a new equipment is projected to start at the end of the 2nd year at an amount of P 8,000. At the succeeding years, the maintenance cost will increase by a uniform amount, amounting to P 10,000 at the end of the 6th year. Find the annual equivalent maintenance cost at 8% interest.
SHOW SOLUTION 3.The maintenance cost of a new equipment is projected to start at the end of the 2nd year at an amount of P 8,000. At the succeeding years, the maintenance cost will increase by a uniform amount, amounting to P 10,000 at the end of the 6th year. Find the annual equivalent maintenance cost at 8% interest.
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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3.The maintenance cost of a new equipment is projected to start at the end of the 2nd year at an amount of P 8,000. At the succeeding years, the maintenance cost will increase by a uniform amount, amounting to P 10,000 at the end of the 6th year. Find the annual equivalent maintenance cost at 8% interest.
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