Question
Could you please answer this questions in excel format. Thank you!! A construction company has just purchased a bulldozer. The expect the maintenance costs for
Could you please answer this questions in excel format. Thank you!!
A construction company has just purchased a bulldozer. The expect the maintenance costs for it to be $485 nin the first year, but increase 4% every year thereafter for the 13- year life if the vehicle. Calculate the present value of the costs using an interest rate of 4%. Show your answer to the nearest cent (no dollar sign).
The operating cost of a small machine is $900 in year one, $1000 in year two, $1100 in year three, increasing by $100 per year through year ten. At an interest rate of 8% per year, an equivalent uniform annual payment is nearest to:
a. $1, 287
b. $18, 646
c. $8, 637
d. $1, 385
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