The cost of maintaining a public monument in Washington, D.C. occurs as periodic outlays of $10,000 every
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The cost of maintaining a public monument in Washington, D.C. occurs as periodic outlays of $10,000 every 5 years. If the first outlay is 5 years from now, the capitalized cost of the maintenance at an interest rate of 10% per year is closest to:
a. $1638
b. $16,380
c. $26,380
d. $29,360
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Related Book For
Basics Of Engineering Economy
ISBN: 9780073376356
2nd Edition
Authors: Leland T. Blank, Anthony Tarquin
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