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1. The maintenance cost for equipment has been $10,000 per year for the past six years. The interest rate was 6% per year compounding monthly

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1. The maintenance cost for equipment has been $10,000 per year for the past six years. The interest rate was 6% per year compounding monthly for the first two years, 7% for the third year, and 8% per year compounding quarterly for the last three years. What is the equivalent maintenance cost at now

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