The annual maintenance cost of a generator is P1000 after 1 year and it is estimated to increase by 10% each year for th
Posted: Wed Jul 06, 2022 6:20 am
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.