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The initial cost of this investment is $550,000 and the operating and maintenance cost is $550,000 in year 1 increasing by $57,000 each year through
The initial cost of this investment is $550,000 and the operating and maintenance cost is $550,000 in year 1 increasing by $57,000 each year through year 12. Using 11% MARR, determine the equivalent annual worth of this investment?
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
