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Business, 21.09.2020 14:01 gorbyalexis

A plant manager wants to know the present worth of the maintenance costs for a reconditioned assembly line. An industrial engineer, who designed the system, estimates that the maintenance costs are expected to be zero for the first three years, $2000 in year four, $2500 in year five, and amounts increasing by $500 each year through year 10. At an interest rate of 8% per year compounded semiannually, the value of n to use in the P/G equation is:

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