1. 5.23 The State of Chiapas, Mexico, decided to fund a program for literacy. The first cost...

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1. 5.23 The State of Chiapas, Mexico, decided to fund a program for literacy. The first cost of $200,000 now and an update budget of

$100,000 every 7 years forever is requested. Determine the perpetual equivalent annual cost at an interest rate of 10% per year.

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Basics Of Engineering Economy

ISBN: 9781259683312

3rd Edition

Authors: Leland T. Blank, Anthony Tarquin

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