The cost of a fence that can detect poacher intrusion into a National Wildlife Preserve is $3.4 million per mile. If the effective life of the fence is 11 years, determine the equivalent annual cost of a/an 15-mile long fence at an interest rate of 6% per year. The equivalent amount, (in $) Round to the nearest two (2) decimal places Add your answer
The cost of a fence that can detect poacher intrusion into a National Wildlife Preserve is $3.4 million per mile. If the effective life of the fence is 11 years, determine the equivalent annual cost of a/an 15-mile long fence at an interest rate of 6% per year. The equivalent amount, (in $) Round to the nearest two (2) decimal places Add your answer
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
Problem 1PS
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Transcribed Image Text:The cost of a fence that can detect poacher intrusion into a National Wildlife Preserve is $3.4 million per mile. If the effective life of
the fence is 11 years, determine the equivalent annual cost of a/an 15-mile long fence at an interest rate of 6% per year.
The equivalent amount, (in $)
Round to the nearest two (2) decimal places
Add your answer
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