The annual maintenance cost of a generator is P1000 after 1 year and it is estimated to increase by 10% each year for th

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answerhappygod
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The annual maintenance cost of a generator is P1000 after 1 year and it is estimated to increase by 10% each year for th

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The annual maintenance cost of a generator is P1000 after 1 yearand it is estimated to increase by 10% each year for the subsequent9 years. Find the present worth of the maintenance cost if the rateof interest is 15% compounded annually.
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