Annual maintenance costs for a particular sectionof
Chapter , Problem 5-16(choose chapter or problem)
Annual maintenance costs for a particular sectionof highway pavement are $2000. The placementof a new surface would reduce the annual main-tenance cost to $500 per year for the first 5 yearsand to $1000 per year for the next 5 years. After10 years the annual maintenance would again be$2000. If maintenance costs are the only saving, what investment can be justified for the new sur-face? Assume interest at 4%.
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