Question: A beautiful bridge is being built over the river that runs through a major city in your state. The cost of the bridge is estimated

A beautiful bridge is being built over the river that runs through a major city in your state. The cost of the bridge is estimated at $600 million. The annual maintenance cost of the bridge will be $200,000 and the bridge is estimated to last a very long time. If accountants in city hall use 3% as the interest rate for analysis, what will be the annualized cost of the bridge

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