Compute the present worth of this activity

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A riverfront walkway was constructed for $1,000,000. The annual maintenance cost is $12,000 per year. It is also estimated that a repair cost of $100,000 will be needed at the time the walkway reaches its half useful life. Using an annual interest rate of 4% and a useful life of 40 years, compute the present worth of this activity.

Reference no: EM13864209

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Compute the present worth of this activity : A riverfront walkway was constructed for $1,000,000. The annual maintenance cost is $12,000 per year. It is also estimated that a repair cost of $100,000 will be needed at the time the walkway reaches its half useful life. Using an annual interest ra..

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