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Find the equal annual cost of a road that costs... see picture below for the full problem What is the EAC (equal annual cost) of

Find the equal annual cost of a road that costs...

see picture below for the full problem

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What is the EAC (equal annual cost) of a road that costs $450,000 to build and $12,000 per year for street cleaning? The road is restriped every 2 years for $28,000 and is repaved every 10 years for $290,000. Assume the road will last 60 years and the interest rate is 8%. (Prob. 6.29 in textbook) Answ. $81.58K

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