Problem
Mate Construction has purchased some earthmoving equipment that comes with a 2-year warranty. Repair costs are expected to be $1500 per year, beginning in year 3 and continuing through the equipment's 10-year life. What is the PW of the repair expenses if the interest rate is 9%?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.