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 7 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 7 years and the cost is $10,000. The use life of the equipment is 63 . The annual interest rate is 5%. 1. If you are using the 7-year scale of your analysis, what is the effective 7-year interest rate? (Round yp 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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