Solve: x(1.05)3 + $1000 + 
= 
Definitions:
Repairs and Maintenance
The expenses a company incurs to keep its assets in working condition, not extending the life of the asset but rather restoring it or maintaining current condition.
Capital Expenditure
Long-term investments or expenditures made by a company to acquire or upgrade physical assets such as equipment, property, or industrial buildings.
Net Income
The amount of profit left over after all expenses and taxes have been subtracted from total revenue.
Depreciation Expense
The allocated portion of the total cost of a company's tangible assets that is charged to expense across the asset's useful life.
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