Find the present worth of the maintenance cost for the next


The maintenance cost of a lathe machine is assumed to be $2,000 in year 1 The cost is going to increase at the rate of 5% per year. If the machine can be used for 5 years and interest rate is 9% per year, find the present worth of the maintenance cost for the next four years. Draw the cash flow diagram.

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Financial Management: Find the present worth of the maintenance cost for the next
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