The maintenance cost for a sewing machine after one year is expected to be P500. The cost will increase by P92 each year

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answerhappygod
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The maintenance cost for a sewing machine after one year is expected to be P500. The cost will increase by P92 each year

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The maintenance cost for a sewing machine after one year isexpected to be P500. The cost will increase by P92 each year forthe subsequent 9 years. The interest is 8% compounded annually.What is the present worth of maintenance for the machine over thefull 10 years.
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