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You are tasked to calculate the economic equivalent present value of an equipment's major maintenance costs. The equipment needs a major maintenance every 10 years
You are tasked to calculate the economic equivalent present value of an equipment's major maintenance costs. The equipment needs a major maintenance every 10 years and the cost is $6,000. The use life of the equipment is 150. The annual interest rate is 12%. If you are using the yearly scale in your analysis, what is the value of A and N in your equation P = A(P/A, i%,N)? Please only input the numerical values of the answers in the answer box
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