Question
The State of Chiapas, Mexico, decided to fund a program for improving reading skills inelementary school students. The first cost is $325,000 nowand an update
The State of Chiapas, Mexico, decided to fund a program for improving reading skills inelementary school students. The first cost is $325,000 nowand an update amount of$160,000 every 7 years forever. Determine the perpetual equivalent annual cost at aninterest rate of 14% per year.
The perpetual equivalent annual cost is determined to be -$
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Engineering economy
Authors: Leland Blank, Anthony Tarquin
7th Edition
9781259027406, 0073376302, 1259027406, 978-0073376301
