Solution-How much should budgeted to construct and maintain

How much should budgeted to construct and maintain turbine

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Question - The City of Greenville is planning to build a small wind turbine at an investment cost of $4 million. Every five years, it will cost $115,000 to service the turbine. The wind turbine is expected to operate indefinitely. How much should be budgeted to construct and maintain the turbine assuming an interest rate of 2% p.y.?

Reference no: EM133174050

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How much should budgeted to construct and maintain turbine

Reference no: EM133174050

Reference no: EM133174050

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