Question: The Marin County Property District has just installed new computer equipment to record residential market values and calculate their taxes. The manager wants to know

The Marin County Property District has just installed new computer equipment to record residential market values and calculate their taxes. The manager wants to know the total equivalent cost of all future costs when the three county judges acquire this software System.

The system has an installation cost of $150.000 and an additional cost of $50.000 after 10 Years. The cost of the maintenance contract is $5.000 for the first 4 years, and $8.000 after these. It is also expected to have a recurrent update cost of $15.000 every 13 years. Suppose i = 5% annual for county FUNDS.

If the new system will be used for an indefinite time, find the current equivalent Value. Do problem solving process

The is Answer: $346,995.48

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