Find the value today of the maintenance costs

Reference no: EM13202471

The operations manager of Black Cat Blades Ltd. of Edmonton, Alberta, is examining the cost of maintaining the company's manufacturing facility. Maintenance occurs every month. The cost of maintenance starts at $2250 and it will grow by $20 each time the facility is maintained. Find the value today of the maintenance costs for the next ten years if Black Cat Blades Ltd.'s discount rate is 6.92 percent compounded semiannually.

Reference no: EM13202471

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