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Please solve this question ASAP. I dont have much time!! No need to show work. I just need the correct answer. Thank you.

Course: Engineering Economy

How much should be set aside today to pay for perpetual maintenance of a bridge, in the amount of $5,000,000 each year indefi

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Answer #1

Amount = 5000000

N = infinity

I = 2.2%

THe amount that should be set aside to pay for the perpetual maintenance

= 5000000/0.022

= 227272727

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