Maintenance foreman of plant in reviewing his records found

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The maintenance foreman of a plant in reviewing his records found that maintenance costs on a large press had increased with sales of a product that will decline in the future. 5 Years Ago $600 4 Years Ago $700 3 Years Ago $800 2 Years Ago $900 Last Year $1000 He believes that maintenance will be $900 this year and will decrease by $100 yearly for 4 years. What will be the equivalent uniform annual maintenance cost for the 10-year period? Assume interest is at 8%.

Reference no: EM13739901

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