A bridge in a metropolitan area is being considered at a cost of $120M. The annual maintenance cost is estimated to be $0.1M. A major
A bridge in a metropolitan area is being considered at a cost of $120M. The annual maintenance cost is estimated to be $0.1M. A major renovation at a cost of $50M is required every 100 years. What is the capitalized cost of the bridge at an interest rate of 5%?
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Authors: Stephen Asbury
1st Edition
9780750680264, 978-0750680264
