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Urban infrastructures that support a community are sometimes in the news; we seldom think about...

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Accounting

Urban infrastructures that support a community are sometimes in the news; we seldom think about them except when there is a
disruption of service. A small city has just replaced a water storage tank and associated feeders from it throughout the community. It is
estimated that the annual service quirements will be $50,000 the first year, with $10,000 increases in each subsequent year for 7
years. The community's time value of money is 3%.
Parta Determine the present worth of these maintenance expenses using each of two different methods this will serve as a check on your work
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