Question: 6 . Our city spends $ 1 0 , 0 0 0 every 5 years to paint and seal a public monument. If the first

6. Our city spends $10,000 every 5 years to paint and seal a public monument. If the first outlay is 5 years from today, the capitalized cost of the maintenance at an interest rate of 10% per year is most nearly a. $1638 b. $16,380 c. $26,380 d. $29,360

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