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The operating and maintenance costs of an operation are expected to increase at 0.2% per m

The operating and maintenance costs of an operation are expected to increase at 0.2% per m

The operating and maintenance costs of an operation are expected to increase at 0.2% per month. The O&M cost for this month is $2250. For an interest rate of 12% compounded monthly, calculate the equivalent equal annual cost for a 10 year period.

Abhinav 02-Dec-2019

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