Fence posts for a particular job cost $10.50 eachto

Chapter , Problem 9-68

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Fence posts for a particular job cost $10.50 eachto install, including the labor cost. They will last10 years. If the posts are treated with a woodpreservative, they can be expected to have a 15-year life. Assuming a 10% interest rate, how muchcould one afford to pay for the wood preservativetreatment?

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