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A new oven will save $150 per year in electricity expense. How much can we afford to pay for this oven if it is

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A new oven will save $150 per year in electricity expense. How much can we afford to pay for this oven if it is expected to last 14 years? The interest rate is 12% per year. Click the icon to view the interest and annuity table for discrete compounding when /= 12% per year. The affordable amount of payment is $ (Round to the nearest dollar.) 13

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