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- Maintenance expenses of $M are expected to flow continuously and uniformly during every 4th year of operations, starting with year 4 and continuing indefinitely.
- Maintenance expenses of $M are expected to flow continuously and uniformly during every 4th year of operations, starting with year 4 and continuing indefinitely. a- A nominal interest year of 10% per year, for this continuous cash flow, is equivalent to what effective annual rate? b- Assuming a nominal interest rate of 10% per year, what is the PW of the cash flow
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