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1) (6 Points). A construction company has bought a new loader with a total maintenance cost of $250 in year 1. The maintenance costs increase

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1) (6 Points). A construction company has bought a new loader with a total maintenance cost of $250 in year 1. The maintenance costs increase by an additional $250 per year in each subsequent year with an interest rate of 10% and a useful life of 15 years. a) Draw a cash flow diagram. b) How much money should the company prepare now to cover the total maintenance costs of the loader

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