5. The annual maintenance cost of a generator is $1000 after 1 year and it is estimated to increase by 7% each year for
Posted: Wed Jul 06, 2022 5:58 am
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.