What is the equivalent amount in year 10 of an expenditure
What is the equivalent amount in year 10 of an expenditure of $5,000 in year one, $8,000 in year two, and increasing by $1,000 per year through year 10 Assume the interest rate is 10% per year.
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The cost of extending a certain road is $850,000. Resurfacing and other maintenance are expected to cost $175,000 every 3 years and lasts for 96 years. What is the present worth of the road at an interest rate of 6% per year (over that period)
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