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 9 years

You are tasked to calculate the economic equivalent present value of

You are tasked to calculate the economic equivalent present value of an equipment's major maintenance costs. The equipment needs a major maintenance every 9 years and the cost is $8,000. The use life of the equipment is 99. The annual interest rate is 3%. 1. If you are using the 9-year scale of your analysis, what is the effective 9-year interest rate? (Round up to one decimal point) 2. If you are using the yearly scale in your analysis, what is the value of A and N in your equation P = A(P/A, i%,N)? Please only input the numerical values of the answers in the answer box

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