What is the present worth of the road at an interest rate

Reference no: EM13190442

The cost of extending a certain road is $850,000. Resurfacing and other maintenance are expected to cost $175,000 every 3 years and lasts for 96 years. What is the present worth of the road at an interest rate of 6% per year (over that period)?

Reference no: EM13190442

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