Question: You are tasked to calculate the economic equivalent present value of an equipment's major maintenance costs. The equipment needs a major maintenance every 10 years

You are tasked to calculate the economic equivalent present value of an equipment's major maintenance costs. The equipment needs a major maintenance every 10 years (first payment occurs at Y 10) and the cost is $6000. The use life of the equipment is 100 years. The annual interest rate is 5%. if you are using the yearly scale in your analysis, what is the value of A in your equation P = A(P/A, i%,N)? Please round to the nearest integer.

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