Question
A bridge costs $477,697 to build and $12000 per year to maintain. The bridge is repaved every 10 years for $371,520. Assume that the bridge
A bridge costs $477,697 to build and $12000 per year to maintain. The bridge is repaved every 10 years for $371,520. Assume that the bridge will last for 60 years and that the interest rate is 10%. How many crossings are needed daily to justify the bridge if each user's willingness to pay for the crossing is $2?
Step by Step Solution
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Step: 1
To determine the number of daily crossings needed to justify the bridge we can calculate the present ...
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
