Business, 12.02.2020 23:55 ashleyallred3299

The cost of energy for operating high-lift pumps in a water distribution system was $1.4 million for the first three years. Beginning in year four, the cost increased by $30,000 each year for the next 12 years. What is the present worth in year 0 of these energy costs at an interest rate of 6% per year

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