A city is spending $$$$20\mathrm{.}3$ million on a new sewage system. The expected life of the system is $50$years$,$ and it will have no market value at the end of its life. Operating and maintenance expenses for the system are projected to average $$$$0\mathrm{.}4$ million per year. If the$$ city's MARR is $8\%$ per$$ year, what is the capitalized worth of the$$ system? The study period is $100$ years.

LOADING... Click the icon to view the interest and annuity table for discrete compounding when the MARR is $\%$ per year.