Maintenance costs on a certain piece of equipment are estimated to be $500, $600, $700, $800, and $900 at the ends of years 1, 2, 3, 4, and 5, respectively. The time value of money rate is 8 percent compounded annually.

What is the present value of the maintenance costs?

What is the uniform annual equivalent maintenance cost?

A series of 10 end-of-year deposits is made that begins with $7,500 at the end of year 1 and decreases at the rate of $300 per year with 11% interest.

What amount could be withdrawn at t = 10? $

What uniform annual series of deposits (n = 10) would result in the same accumulated balance at the end of year 10? $