In Exercises find the capitalized cost C of an asset (a) For n = 5 years (b)
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In Exercises find the capitalized cost C of an asset
(a) For n = 5 years
(b) For n = 10 years
(c) Forever. The capitalized cost is given by
where C0 is the original investment, t is the time in years, r is the annual interest rate compounded continuously, and c(t) is the annual cost of maintenance.
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