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The maintenance costs for furnaces at a copper smelting plant have been constant at $140000 per year for the past 5 years If the interest rate was 8% per year for the first 3 years and then it

The maintenance costs for furnaces at a copper smelting plant have been constant at $140,000 per year for the past 5 years. If the interest rate was 8% per year for the first 3 years and then it increased to 10% in years 4 and 5, what is the equivalent future worth (in year 5) of the maintenance cost? Show hand and spreadsheet solutions.

 

 

The maintenance costs for furnaces at a copper smelting plant

 

 

 

May 19 2020 View more View Less

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