Considering undertaking a land improvement practice

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Can you show full work, and is there a short cut for figuring over the years?

You are considering undertaking a land improvement practice that will cost you $120 per acre to establish and an additional $8 per acre to maintain over the next 10 years. Assuming a real discount rate of 4%, what is the present value of the total costs per acre associated with the adoption of this improvement practice?

Reference no: EM13729270

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