The maintenance cost for a sewing machine after one year is expected to be P500. The cost will increase by P92 each year
Posted: Wed Jul 06, 2022 6:20 am
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.