How much would need to be set aside now at 8 interest to, Business Economics

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How much would need to be set aside now at 8 interest to

A man is buying a small garden tractor. There will be no maintenance cost during the first 2 years because the tractor is sold with 2 years free maintenance. For the third year, the maintenance is estimated at $80. In subsequent years the maintenance cost will increase by $40 per year. How much would need to be set aside now at 8% interest to pay the maintenance costs on the tractor for the first 6 years of ownership?

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Business Economics: How much would need to be set aside now at 8 interest to

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Business Economics: How much would need to be set aside now at 8 interest to

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