Maintenance expenses for a bridge on a small river are estimated to be $2,000 per year for
Fantastic news! We've Found the answer you've been seeking!
Question:
Maintenance expenses for a bridge on a small river are estimated to be $2,000 per year for the first 8 years, followed by two separate $10,000 expenditures in years 12 and 18. The expected life of the bridge is 30 years. If i = 6% per year, what is the equivalent uniform annual expense over the entire 30-year period?
(Prompt: to find A with multiple cash flows)
Related Book For
Engineering Economy
ISBN: 978-0133439274
16th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Posted Date: