What is the annual worth with an interest rate

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The initial cost of a new business facility is $1,000,000 but the owners plan to add an expansion in 10 years which will cost $100,000. It costs $25,000 per year to run from years 1-4 and $40,000 per year from years 5-infinity. What is the annual worth with an interest rate of 10% per year, compounded yearly?

Reference no: EM131160304

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