Determine the present worth of the crane repair costs

Reference no: EM132156898

Question: Kelsey Construction has purchased a crane that comes with a 3-year warranty. Repair costs are expected to average $3500 per year beginning in Year 4 when the warranty expires. Determine the present worth of the crane's repair costs over its 15-year life. The interest rate is 10%. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132156898

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