4-56 The council members of a small town have decided A that the earth levee that...

Question

Question

flooding should be rebuilt and strengthened. The town engineer estimates that the cost of the work at the end of the first ye

Answer 1

Answer #1

The present value of the repair work = 68000 * (P/A, 6%,5) - 7000 * (P/G, 6%,5)

= 68000 * 4.212364 - 7000 * 7.934549

= 230898.90 ~ 230899

Answer 2

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