Engineering, 01.11.2019 04:31, brainguy124

The council members of a small town have decided that an earth levee should be rebuilt and strengthen to protect against future flooding. the town engineer estimates that the cost of the work at the end of the first year will be $ 100,000. he estimates that in subsequent years the annual repair will decline by $ 15,000, making the second-year cost $ 85,000; the third-year $ 70,000 and so forth. the council members want to know what the equivalent present worth cost is for the first 5 years of repair work if the interest rate is 6%. the value is closest to?

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The council members of a small town have decided that an earth levee should be rebuilt and strengthe...