### GEOMETRIC GRADIENT: Calculate the Present Worth.

*STEP-BY-STEP SOLUTION*

**SOLUTION USING GEOMETRIC SERIES PRESENT WORTH FACTOR**The present worth of cost of maintenancefor the first 5 years is $480.42.

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###
GEOMETRIC GRADIENT: Calculate the Present Worth.

The first-year maintenance cost for a new automobile is estimated to be $100, and it increases at a uniform rate of 10%per year.Using an 8% interest rate, calculate the present worth of cost of the first 5 years of maintenance.

*STEP-BY-STEP SOLUTION*

**SOLUTION USING GEOMETRIC SERIES PRESENT WORTH FACTOR**

The present worth of cost of maintenancefor the first 5 years is $480.42.
## Labels

The present worth of cost of maintenancefor the first 5 years is $480.42.

Interest Formulas
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Interest and Equivalence
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Cost Estimating
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Uniform Series
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Economic Decisions
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Engineering Costs
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Cash Flow
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Costs
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Economic Analysis
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General
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Arithmetic Gradient
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Balance
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Gradients
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Interest
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MARR
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Time and Interest
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