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An inline filter has an estimated life of 1 0 years. By adding a purifier to the filter, savings of $ 5 0 0 in

An inline filter has an estimated life of 10 years. By adding a purifier to the filter, savings of $500 in
annual operating costs can be obtained. Annual interest on capital is 8%. Compute the maximum
expenditure justifiable for the purifier.
$
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