Major city in your state, A beautiful bridge is being built

Major city in your state

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Reference no: EM13950621

A beautiful bridge is being built over the river that runs through a major city in your state. The cost of the bridge is estimated at $600 million. Annual costs of the bridge will be $200,000, and the bridge is estimated to last a very long time. If accountants in city hall use 3% as the interest rate for analysis, what is the annualized cost of the bridge project?

Reference no: EM13950621

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