Assuming a 10 interest rate how much could one afford to, Business Economics

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Assuming a 10 interest rate how much could one afford to

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?

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