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Business, 19.02.2020 23:18 katefuly

Pollution control equipment for a pulverized coal cy- clone furnace is estimated to cost $190,000 two years from now and an additional $120,000 four years from now. If Monongahela Power wants to set aside enough money now to cover these future costs, how much must be invested at an interest rate of 8% per year, compounded semiannually?

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