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What will be the equivalent uniform annual amount that will be deposited in a bank for 15 years that will be replaced the capitalized cost
What will be the equivalent uniform annual amount that will be deposited in a bank for 15 years that will be replaced the capitalized cost of a project with the following cost; The initial cost is P2,000,000 and an additional cost of P500,000 at the end of every 5 years. The annual operating costs are P100,000 at the end of every year for the first 6 years and P160,000 thereafter. In addition, there is expected to be a major repair work cost of P300,000 every 13 yrs. Assume i =15%
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