Calculate the pw at a nominal interest rate

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Question - A factory has averaged the following monthly heating and cooling costs over the last 5 years. Calculate the PW at a nominal interest rate of 12%.

Month

Costs

January

$25,000

February

$19,000

March

$15,000

April

$9,000

May

$12,000

June

$18,000

July

$29,000

August

$33,000

September

$19,000

October

$8,000

November

$16,000

December

$28,000

Reference no: EM131578356

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