What is present value of the cars expected maintenance costs

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As a car ages, maintenance costs usually increase. You estimate that maintenance costs for your car will be $300 a year for the first 3 years, $400 a year for the next 3 years, and will then increase by $50 a year for the remainder of the cars life. If you plan to own the car for 15 years and i = 6%, what is the present value of the cars expected maintenance costs?

Reference no: EM131253310

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