In: Finance
Economics Question. Please answer ASAP! Will provide thumbs up!
Car's annual operating and maintenance (O&M) costs are given by the following schedule:
|
Year |
Value |
|
1 |
50 |
|
2 |
100 |
|
3 |
100 |
|
4 |
170 |
|
5 |
240 |
If MARR = 10%, and it is known that the value of O&M costs in the first year is the base annuity, define the value of parameter G in the equivalent arithmetic gradient series.
(Note: Don't use the $ sign in your answer and keep 2 decimal places)