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A new upgrade for a sewage treatment plant is expected to cost $3M. The Regional District wants to keep the cost to the taxpayer no

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A new upgrade for a sewage treatment plant is expected to cost $3M. The Regional District wants to keep the cost to the taxpayer no more than $150/year/household and there are 4,000 households in the area. How long will it take to pay off the upgrade at i = 5%

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