Maintenance costs on a bridge are $7,500 every five years starting at the end of year 5 . For analysis purposes, the bridge is assumed to have an infinite life. What is the Capitalized Equivalent (CE) cost of these infinite payments, assuming an annual interest rate of 9% compounded annually.

Answer rating: 100% (QA)

To calculate the Capitalized Equivalent CE cost of infinite payments you can use the formula ... View the full answer