The cost of the bridge is estimated at $500 million. Annual costs of the bridge will be $300,000, and the bridge is estimated to last a very long time.

If accountants in city hall use 4% as the interest rate for analysis, what is the annualized cost of the bridge project?

Answer rating: 100% (QA)

To calculate the annualized cost of the bridge project we need to use the concept of present value B... View the full answer