Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

Exercise 24

The maintenance cost for furnaces at a copper smelting plant have been constant at $140,000 per year for the past 5 years. If the interest rate was 8% per year for the first 3 years and then it increased to 10% in years 4 and 5, what is the equivalent future worth (in year 5) of the maintenance cost Show hand and spreadsheet solutions.