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The cost of the bridge is estimated at $500 million. Annual costs of the bridge will be $300,000, and the bridge is estimated to last

The cost of the bridge is estimated at $500 million. Annual costs of the bridge will be $300,000, and the bridge is estimated to last a very long time.



If accountants in city hall use 4% as the interest rate for analysis, what is the annualized cost of the bridge project?

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