The State of Chiapas, Mexico, decided to fund a program for improving reading skills in elementary school students. The first cost is $275,000 now and an update amount of $180,000 every 6 years forever. Determine the perpetual equivalent annual cost at an interest rate of 9% per year. The perpetual equivalent annual cost is determined to be -$

The State of Chiapas, Mexico, decided to fund a program for improving reading skills in elementary school students. The first cost is $275,000 now and an update amount of $180,000 every 6 years forever. Determine the perpetual equivalent annual cost at an interest rate of 9% per year. The perpetual equivalent annual cost is determined to be -$

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The State of Chiapas, Mexico, decided to fund a program for improving reading skills in elementary school students. The first cost is
$275,000 now and an update amount of $180,000 every 6 years forever. Determine the perpetual equivalent annual cost at
an interest rate of 9% per year.
The perpetual equivalent annual cost is determined to be -$

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