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Economics Question. Please answer ASAP! Will provide thumbs up! Car's annual operating and maintenance (O&M) costs are given by the following schedule: Year Value 1

Economics Question. Please answer ASAP! Will provide thumbs up!

Car's annual operating and maintenance (O&M) costs are given by the following schedule:

Year

Value

1

50

2

100

3

100

4

170

5

240

If MARR = 10%, and it is known that the value of O&M costs in the first year is the base annuity, define the value of parameter G in the equivalent arithmetic gradient series.

(Note: Don't use the $ sign in your answer and keep 2 decimal places)

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