Transcontinental Pipelines is considering a technical process that is expected to reduce annual maintenance costs by $85

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Transcontinental Pipelines is considering a technical process that is expected to reduce annual maintenance costs by $85 000. What is the maximum amount of money that could be invested in the process to be economically feasible if interest is 7% compounded quarterly?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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