Answer to Question #240598 in Civil and Environmental Engineering for Alan Enrico V Tuib

Question #240598
The first-year maintenance cost for a new car is estimated to be $150, and it increases at a uniform rate
of 15%per year. Using an 8%interest rate, calculate the present worth (PW) of the cost of the first 5
years of maintenance.
1
Expert's answer
2021-09-28T07:37:20-0400

"C_c=F_c+P_{o,m}"

"F_c= initial \\space debt"

and 

"p_{o,m}=A\/i"

"i=interest =8\\%"

"P_o,m=2777777.778"


"C_c=(25000\\times5)+2777777.778"


"C_c=2902777.78\\space answer"

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