5. The annual maintenance cost of a generator is $1000 after 1 year and it is estimated to increase by 7% each year for

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answerhappygod
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5. The annual maintenance cost of a generator is $1000 after 1 year and it is estimated to increase by 7% each year for

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5. The annual maintenance cost of a generator is $1000 after 1year and it is estimated to increase by 7% each year for thesubsequent 7 years. Find the present worth of the maintenance costif the rate of interest is 15% compounded annually.
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