What is the present worth of the costs for a time period

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Reference no: EM13160577

A manufacturer of backflow prevention valves expects the cost of the steel bodies of certain valves to increase by $3 every 6 months. If the cost for the first semiannual period is expected to be $85, what is the present worth of the costs for a 4-year time period at an intrest rate of 1% per month?

Reference no: EM13160577

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