Question: ANNUITY help me please understand Answers: 9) 2572.466 PROBLEM 5. 9. The maintenance on a machine is expected to be P1,550 at the end of

ANNUITY

help me please understand

Answers:

9) 2572.466

PROBLEM 5.

9.The maintenance on a machine is expected to be P1,550 at the end of the first year and is expected to increase P320 each year for the next 8 years. Assume 6% interest, compute the equivalent annual cost for 8 years.

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