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A new EV charger manufacturer in Manitoba anticipates that the costs to produce chargers will be $45,000 for the first 4-month segment, $47,000 in the

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A new EV charger manufacturer in Manitoba anticipates that the costs to produce chargers will be $45,000 for the first 4-month segment, $47,000 in the second 4month segment and so on. If the available nominal interest rate is 15%, compounded every four months, what is the present cost of running producing chargers for 5 years? [8] (whole dollar)

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