Determine the present worth of the cranes repair cost

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A construction firm has purchased a crane that comes with a 3 year warranty. Repair costs are expected to average $4500 per year beginning Year 4 when the warranty expires. Determine the present worth of the crane's repair cost over its 15-year life. The interest rate is 12%.

Reference no: EM131005004

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Determine the present worth of the cranes repair cost : A construction firm has purchased a crane that comes with a 3 year warranty. Repair costs are expected to average $4500 per year beginning Year 4 when the warranty expires. Determine the present worth of the crane's repair cost over its 15-year life...

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