A build-to-operate (BTO) company signed a contract to operate Alamosa County industrial wastewater treatment plants for the
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A build-to-operate (BTO) company signed a contract to operate Alamosa County industrial wastewater treatment plants for the next 20 years. The contract will pay the company $2.5 million now and amounts increasing by $200,000 each year through year 20. At an interest rate of 10% per year, what is the present worth now? Solve using
(a) Tabulated factors, and
(b) A spreadsheet.
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a Factors Find P in year 1 using gradient factor and then move forw...View the full answer
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