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A house is expected to have a maintenance cost of $1000 the first year. It believed that the maintenance cost will increase $500 per year.
A house is expected to have a maintenance cost of $1000 the first year. It believed that the maintenance cost will increase $500 per year. The interest rate is 6% compounded
annually. Over a 10 Year period, what will be the approximate sffective annual maintenance cost?
A) $1900
B) $3000
C) $3500
D) $3800
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