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show all work Assume maintenance costs for a particular activity will be $1500 one year from now. Assume an annual increase of 11% per year

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Assume maintenance costs for a particular activity will be $1500 one year from now. Assume an annual increase of 11% per year over a 6 year time period. If the interest rate is 11% per year, determine the present worth of the future expenses at t=0. $8,108.11 $16,650 $8,500.02 $9,132.05

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