To solve the problem of the damages caused by floods in cotabato is to construct a flood river control structure. The average estimated annual cost of damage on the region is 700,000,000.00 pesos. To construct the flood control structure the LGU of Cotabato appropriated 2,500,000,000 pesos and will involve yearly maintenance cost of 20,000,000.00 pesos. If money is worth 8% compounded annualy, how long the river control project to pay itself?
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