Q) The average annual cost of damages caused by floods to Camella subdivision is estimated to be ₱500,000. To build a gravity dam to protect the area from floods would cost ₱3,000,000 and would involve an annual maintenance cost of ₱25,000. With the interest rate of 8% compounded annually, how many years would it take for the dam to pay for itself? Solve it correctly. And not solve in excel works. Typed or handwriting use onlys
Q) The average annual cost of damages caused by floods to Camella subdivision is estimated to be ₱500,000. To build a gravity dam to protect the area from floods would cost ₱3,000,000 and would involve an annual maintenance cost of ₱25,000. With the interest rate of 8% compounded annually, how many years would it take for the dam to pay for itself? Solve it correctly. And not solve in excel works. Typed or handwriting use onlys
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Q) The average annual cost of damages caused by floods to Camella subdivision is estimated to be ₱500,000. To build a gravity dam to protect the area from floods would cost ₱3,000,000 and would involve an annual maintenance cost of ₱25,000. With the interest rate of 8% compounded annually, how many years would it take for the dam to pay for itself?
Solve it correctly. And not solve in excel works. Typed or handwriting use onlys.
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