The cost of maintaining a public monument

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Reference no: EM13819170

The cost of maintaining a public monument in Washington, D.C., occurs as periodic outlays of $1,000 every year and $5,000 every 5 years. If the first outlay is now, the capitalized cost of the maintenance at an interest rate of 10% per year is closest to.....Please show work

a) $-18.190

b) $-19,250

c) $-21,360

d) $-41,045

Reference no: EM13819170

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