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Posting again after given wrong answer. Engineering Economics question. I want correct answer you will not correct answer the I will down upvot.. QUESTION NO.

Posting again after given wrong answer. Engineering Economics question.

I want correct answer you will not correct answer the I will down upvot..

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QUESTION NO. 16 0.07- 0.04 The effort required to maintain a scanning electron microscope is known to increase by a fixed percentage each year. A high-tech equipment maintenance company has offered its services for a fee that includes automatic increases of 8% per year after year 1. A biotech company that wanted to use the service offered $65,000 as pre-payment for a 3-year contract to take advantage of a temporary tax loophole. If the biotech company used an interest rate of 10% per year in determining how much it should offer, what was the service fee amount that it assumed for year 1? A. 24,252 B. 24,262 C. 24,272 D. 24,282 E. No correct

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