UPVOTE WILL BE GIVEN. PLEASE WRITE THE COMPLETE SOLUTIONS AND DRAW THE CASH FLOW DIAGRAM. NO LONG EXPLANATION NEEDED. FOLLOW THE INSTRUCTIONS CAREFULLY. Maintenance cost for small bridge with an expected 50 year life are estimated to be $15,000 each year for the first 9 years, followed by a $20,000 expenditure in the year 16 and a $30,000 expenditure in the year 32. If interest rate is at 10% compounded monthly. (Note: Round off the interest rate to five decimal places.) A. What is the equivalent present value of the entire maintenance cost of that bridge? (Round your answer to 2 decimal places.) B. what is the equivalent uniform annual cost over the entire-50 year period? (Round your answer to 2 decimal places.)
UPVOTE WILL BE GIVEN. PLEASE WRITE THE COMPLETE SOLUTIONS AND DRAW THE CASH FLOW DIAGRAM. NO LONG EXPLANATION NEEDED. FOLLOW THE INSTRUCTIONS CAREFULLY.
Maintenance cost for small bridge with an expected 50 year life are estimated to be $15,000 each year for the first 9 years, followed by a $20,000 expenditure in the year 16 and a $30,000 expenditure in the year 32. If interest rate is at 10% compounded monthly. (Note: Round off the interest rate to five decimal places.)
A. What is the equivalent present value of the entire maintenance cost of that bridge? (Round your answer to 2 decimal places.)
B. what is the equivalent uniform annual cost over the entire-50 year period? (Round your answer to 2 decimal places.)
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