Question: Maintenance costs for a small bridge with an expected 50-years life are estimated to be $1,000 each year for the first 5 years, followed by

Maintenance costs for a small bridge with an expected 50-years life are estimated to be $1,000 each year for the first 5 years, followed by a $10,000 expenditure in the year 15 and a $10,000 expenditure in the year 20. If i = 10% per year, what is the equivalent uniform annual cost over the entire 50-year period?

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