Problem
Fence posts for a particular job cost $10.50 each to install, including the labor cost. They will last 10 years. If the posts are treated with a wood preservative, they can be expected to have a 15- year life. Assuming a 10% interest rate, how much could one afford to pay for the wood preservative treatment?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.