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A gas water heater costs $1,000 and has an annual operating cost of $50 and a lifespan of 20 years. Please calculate the Equivalent Annual

image text in transcribed A gas water heater costs $1,000 and has an annual operating cost of $50 and a lifespan of 20 years. Please calculate the Equivalent Annual Cost if the cost of capital is 9%. Enter as a positive number

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