A newly-acquired equipment requires an annual maintenance costs of P15,000. If the annual maintenance cost increases by 20% each year for 10 years.

What is the estimated present worth of the maintenance costs if money is worth 15%?

a 167,100.48

b 187,100.54

c 106, 100.51

d 159,150.76

Answer rating: 100% (QA)

The present worth of a future sum of money is the amount of money that if invested at the current in... View the full answer