An engineer has a fluctuating future budget for th~ maintenance of a particular machine. During each

An engineer has a fitful forthcoming budget for th~ maintenance of a feature machine. During each 01 the pristine 5 years, $1000 per year accomplish be budgeted. During the assist 5 years, the annual budget accomplish be $1500 per year. In restoration, $3500 accomplish be budgeted for an canvass of the machine at the end of the fourth year, and another $3500 for an canvass at the end of the eighth year. The engineer asks you to calculate the even annual expenditure that would be equipollent to these fitful amounts, assuming interest at 6% per year