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The Texas Highway Department expects the cost of maintenance for a particular piece of heavy equipment to be $5000 in year 1, $5,500 in year 2, and amounts increasing by $500 through year 10. At an interest rate of 10% per year, the present worth of the maintenance cost is nearest to:(A) $38,220 (B) $42,170 (C) $46,660 (D) $51,790
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