Urban infrastructures that support a community are sometimes in the news; we seldom think about them except when there is a disruption of service. A small city has just replaced a water storage tank and associated feeders from it throughout the community. It is estimated that the annual service requirements will be $40,000 the first year, with $10,000 increases in each subsequent year for 8 years. The community's time value of money is 4%. Determine the present worth of these maintenance expenses using each of two different methods. This will serve as a check on your work. Click here to access the TVM Factor Table Calculator. $ Carry all interim calculations to 5 decimal places and then round your final answers to a whole number. The tolerance is 50. eTextbook and Media Hint Determine the future worth of these maintenance expenses at the end of year 8. Click here to access the TVM Factor Table Calculator. $ Carry all interim calculations to 5 decimal places and then round your final answers to a whole number. The tolerance is 50