Question: $ A security company offers to provide CCTV coverage for a parking garage for ten years for an initial payment of $50,000 and additional payments
$ A security company offers to provide CCTV coverage for a parking garage for ten years for an initial payment of $50,000 and additional payments of $30,000 per year. What is the equivalent annual annuity of this deal, given a cost of capital of 4%? OA. $36,165 B. - $25,315 C. - $21,699 OD. - $28,932
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