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Show your complete solution. Draw the cash-flow diagram of the following problem. The maintenance cost of a certain equipment is 32,000 per year for the
Show your complete solution. Draw the cash-flow diagram of the following problem.
The maintenance cost of a certain equipment is 32,000 per year for the first five years, 45,000 per year for the next five years and 15,000 at the end of the 4th year and 6th year. Find the equivalent uniform annual cost of maintenance if money is worth 10% compounded annually.
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