Question: Problem 0 3 . 0 5 3 - Shifted decreasing gradients The pumping cost for delivering water from the Ohio River to Wheeling Steel for
Problem Shifted decreasing gradients
The pumping cost for delivering water from the Ohio River to Wheeling Steel for cooling hol rolled steel was $ million for the first years. An effective energy conservation program resulted in a reduced cost of $ million in year and $ million in year and amounts decreasing by $ each year through year What is the present worth of the pumping costs in year at an interest rate of per year? Round the final answer to three declmal places.
The present worth of the pumping costs is determined to be $
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