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An electric cooperative uses an electric wooden pole that is guaranteed to last for 10 years with an initial cost of 2,000. If a concrete

An electric cooperative uses an electric wooden pole that is guaranteed to last for 10 years with an initial cost of 2,000. If a concrete pole is guaranteed to last for 20 years, what is the maximum justifiable amount that the cooperative will pay for the concrete pole? Assume money is worth 10% per annum.

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