What is the equivalent annual worth of the maintenance costs, Microeconomics

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What is the equivalent annual worth of the maintenance costs

Problem

Equipment maintenance costs for manufacturing explosion-proof pressure switches are projected o be $125,000 ir(year one and increase by 3% each year through year five. What is the equivalent annual worth ofthe maintenance costs at an interest rate of 10% per year, compounded semi-annually?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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