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The maintenance cost of a certain equipment is P40,000 per year for the first 5 years, P60,000 per year for the next 5 years, cost of overhaul at the end of the 5th year and the 8th year is P140,000. Find the equivalent uniform annual cost of maintenance if money is worth 6% compounded annually.
P74,701.81
P68,369.42
P59,642.68
P88,421.82
Answer:
P74,701.81
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