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Can someone please do this question with all the working so that I can see how you got the answer Thanks 2. The council members
Can someone please do this question with all the working so that I can see how you got the answer
Thanks
2. The council members of a small town have decided that the earth levee that protects the town from a nearby river should be repaired and strengthened. The city plans to issue a bond at 4.0% to cover the repair costs. The first repair cost will occur at EOY3 and will cost $95,000. In subsequent years, the annual repair costs will decline by $10,000 (thus the costs in EOY4 are $85,000). The council members want to know what the equivalent present value of the costs are for the first seven years of the repair work. [5 points]Step by Step Solution
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