Question: Can someone please do this question with all the working so that I can see how you got the answer Thanks 2. The council members

 Can someone please do this question with all the working so

Can someone please do this question with all the working so that I can see how you got the answer

Thanks

2. The council members of a small town have decided that the earth levee that protects the town from a nearby river should be repaired and strengthened. The city plans to issue a bond at 4.0% to cover the repair costs. The first repair cost will occur at EOY3 and will cost $95,000. In subsequent years, the annual repair costs will decline by $10,000 (thus the costs in EOY4 are $85,000). The council members want to know what the equivalent present value of the costs are for the first seven years of the repair work. [5 points]

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