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2) You can pave you driveway with either asphalt or concrete. Concrete costs $15,000, lasts 20 years and needs $500/yr. for maintenance. Asphalt lasts 10

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2) You can pave you driveway with either asphalt or concrete. Concrete costs $15,000, lasts 20 years and needs $500/yr. for maintenance. Asphalt lasts 10 years and needs $800/yr. for maintenance. Use i=8% to find: What is the maximum that should be spent for asphalt

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