4. The maintenance cost for a machine after one year is expected to be $698. The cost will increase by $51 each year for

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4. The maintenance cost for a machine after one year is expected to be $698. The cost will increase by $51 each year for

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4. The maintenance cost for a machine after one year is expectedto be $698. The cost will increase by $51 each year for thesubsequent 15 years. The interest is 4.49% compounded annually.What is the present worth of maintenance for the machine for thewhole duration?
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