Question: Hello, can someone please help me out with this question. Please be sure to include your working so that I can see where I went

 Hello, can someone please help me out with this question. Please

Hello, can someone please help me out with this question. Please be sure to include your working so that I can see where I went wrong

Thanks

5. A state engineer is evaluating a railway design. She has determined that the station will require $100,000 of heavy maintenance every five years. The first maintenance will occur at EOY3. The station is expected to last 50 years. The nominal interest rate is 7%. Find the equivalent present value of these periodic maintenance costs using two approaches. [6 points total] a. Using an effective interest rate [3 points]

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