**As part of the STEM/STEAM strategic plan, the Georgia Department of Education decided to fund a pilot program to build computational literacy in elementary schools in the Atlanta metro area. The first cost is $250,000 now, and an additional cost of $80,000 every 8 years forever. The perpetual equivalent annual worth (in years 1 through infinity) of this program at an interest rate of 15% per year is equal to: **The answers presented below were calculated using the appropriate factors from interest tables including all their decimal places** -$24,040 -$54,849 -$117,500 -$43,328

As part of the STEM/STEAM strategic plan, the Georgia Department of Education decided to fund a pilot program to build computational literacy in elementary schools in the Atlanta metro area. The first cost is $250,000 now, and an additional cost of $80,000 every 8 years forever. The perpetual equivalent annual worth (in years 1 through infinity) of this program at an interest rate of 15% per year is equal to: The answers presented below were calculated using the appropriate factors from interest tables including all their decimal places** -$24,040 -$54,849 -$117,500 -$43,328

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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