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Malaysia has just purchased an AUTOCAD software and the maintenance for annual upgrading is expected to be RM2,000 for the first 4 years and increasing

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Malaysia has just purchased an AUTOCAD software and the maintenance for annual upgrading is expected to be RM2,000 for the first 4 years and increasing RM200 each year for the subsequent 4 years. Assume 8% interest rate. (a) Draw and label a complete cash flow diagram of the maintenance cost. (b) Calculate the present worth of the software maintenance cost for the eight-year period

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