Repair of a construction equipment is $400 the first year. Interest rate is 6%. The repair Cost increases by $50 each subsequent year. How much money should we put aside right now to cover repair costs for the next 5 years? a. $1082.50 b. $2018.50 c. $1028.50 d. $2081.50 Repair of a construction equipment is $200 the first year. Interest rate is 6%. Geometric gradient is 4% each subsequent year. How much money should we put aside right now to cover repair costs for the next 5 years? a. $1000 b. $908.46 c. $800 d. 809.64