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Orlando has an outgrown its Citrus Bowl stadium and has not been invited to host the best of college football championships games because of
Orlando has an outgrown its Citrus Bowl stadium and has not been invited to host the best of college football championships games because of it. If a public works project(very long commitment) was planned in Orlando to construct a new permanent football stadium and its initial cost was 900 million. The new stadium yearly maintenance cost was 1 million per year for years 1 to 10, growing to 2 million per year thereafter. The new stadium required repainting every 10 years at a cost of 2.5 million. The new stadium required a new grass surface every 5 years at a cost of 3 million dollars, and the new stadium had a onetime Bond payment cost of 15 million in year 30. What is the Present Worth cost of its permanent project if the city money available to borrowed at 6% per year CA? What is the annual amount per year Orlando will be committed to?
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