Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

Exercise 36

According to the Government Accountability Office (GAO), if the U.S. Postal Service does not change its business model, it will lose $480 million next month and $500 million the month after that,and the losses will increase by $20 million per month for the next 10 years. At an interest rate of 0.25% per month, what is the equivalent uniform amount per month of the losses through year 10