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During the 1st 10 year life of a certain machine the following were spent for its maintenance: a) P10T each year for the 1st 5
During the 1st 10 year life of a certain machine the following were spent for its maintenance:
a) P10T each year for the 1st 5 years
b) P15T each year for the next 5 years
c) P20T at the end of 4rd year for overhauling and
d) P25T at the end of the 7th year for overhauling.
If i= 20% compounded quarterly, what was the equivalent uniform annual cost for the 10-year period.
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