The cost of a fence that can detect poacher intrusion into a National Wildlife Preserve is $3 million per mile. If the effective life of the fence is 10 years, determine the equivalent annual cost of a 10-mile long fence at an interest rate of 8% per year.
What will be an ideal response?
A = 3,000,000(10)(A/P,8%,10)
= 30,000,000(0.14903)
= $4,470,900
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What will be an ideal response?
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