University of Washington
What is the present worth of the coverage for 10 years? (Firms similar to Creekside average one claim every 10 years.) The interest rate is 9%. 3.57 A new highway will take 2 years to construct. User benefits of $7 million (or M) per year will start in year 3. Beginning in year 5, user benefits will increase by $1M per year. ................
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