Mate construction has purchased some earthmoving equipment, Microeconomics

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Mate construction has purchased some earthmoving equipment

Question: Mate Construction has purchased some earthmoving equipment that comes with a 2-year warranty. Repair costs are expected to be $1500 per year, beginning in year 3 and continuing through the equipment's 10-year life. What is the PW of the repair expenses if the interest rate is 9%?

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