Routine road maintenance can be done at intervals of 1, 2, 3, 4, or 5 years, but the longer the interval, the higher the cost. Maintenance costs per mile are estimated as $80,000, $170,000, $285,000, $335,000, and $ 420,000 for intervals of 1 through 5 years respectively. 

If the owner chooses to maintain the road every five years, the equivalent annual cost with an interest rate of 8%?

Answer rating: 100% (QA)

To determine the equivalent annual cost of maintaining the road every five years we can use the conc... View the full answer