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A homeowner in a sunny climate has the opportunity to install a solar water heater in his home for a cost of . After installation
A homeowner in a sunny climate has the opportunity to install a solar water heater in his home for a cost of
After installation the solar water heater will produce a small amount of hot water every day, forever, and will require no
maintenance. How much must the homeowner save on water heating costs every year if this is to be a sound
investment? The interest rate is per year.
$
A $
B $
C $
D $
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