A company wants to know the present worth of a software


A company wants to know the present worth of a software maintenance cost of $2,000 per year starting next year and expected to increase by 8.5% each year compounded interest for the next 7 years. What type of problem would this be for the engineer who wants to impress the boss and apply his/her engineering economy knowledge?

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Financial Management: A company wants to know the present worth of a software
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