Question: Determine the absolute difference in the present worth values for the following two options at an interest rate of 10% per year. Option 1 has

Determine the absolute difference in the present worth values for the

Determine the absolute difference in the present worth values for the following two options at an interest rate of 10% per year. Option 1 has a cost of $15,000 in year 1; costs will escalate at an interest rate of 2% in years 2 through 5. Option 2 has a cost of $13,500 in year 1; costs will escalate at an interest rate of 3% in years 2 through 5. $5,691 $4,320 $5,447 $4,924 $3,698 $6.001

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