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The cost of building the gondola lift system that transports visitors from the tops of the mountain peaks to the valley at the Zhangjiajie National Forest Park in China is $10.5 million. The lift system will need an annual maintenance cost of $164,000, and the elevators will need to be replaced every 5 years with the estimated cost of $603,000, for an indefinite period of time. What is the capitalized worth of the lift system at an interest rate of 16% per year?
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A state of mental and emotional balance where an individual feels peace and satisfaction with life’s circumstances.
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The state of being free from danger or threats regarding a family's health, well-being, and financial position, ensuring a stable environment.
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