4. The maintenance cost for a machine after one year is expected to be $698. The cost will increase by $51 each year for
Posted: Wed Jul 06, 2022 5:58 am
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?