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PLEASE ANSWER!!!A contractor estimates maintenance costs for a new backhoe to be $ 2 8 2 for the first month with a monthly increase of

PLEASE ANSWER!!!A contractor estimates maintenance costs for a new backhoe to be $

282

for the

first month with a monthly increase of

0.5 % ?_{?} .

If the annual interest rate is

6 % .

The contractor is planning to sell it after

4

year. What is the present value of the

maintenance cost?

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