Question: Determine the amount needed now to purchase an assembly-robot machine for P2,000,000, provide an annual fund of P60,000 for operation and maintenance for the first

Determine the amount needed now to purchase an assembly-robot machine for P2,000,000, provide an annual fund of P60,000 for operation and maintenance for the first 10 years and P70,000 in the year thereafter, and to replace it at the same cost at the end of every ten-year period. Money is worth 7.5% compounded annually.

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