Question: A consulting engineer bought a fax machine with one year's free maintenance. In the second year the maintenance cost is estimated at $ 2 0
A consulting engineer bought a fax machine with one year's free maintenance. In the second year the maintenance cost is estimated at $ In subsequent years the maintenance cost will increase $ per year that is third year maintenance will be $ fourth year maintenance will be $ and so forth The amount that must be set aside now at interest to pay the maintenance costs on the fax machine for the first six years of ownership
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