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Shocless Air Conditioning Inc. expects the price of copper tubing to increase by$2every 3 months. If the cost for the first quarter is expected to

Shocless Air Conditioning Inc. expects the price of copper tubing to increase by$2every 3 months. If the cost for the first quarter is expected to be$60, what is the present worth of the costs for a 3-year time period at a MARR of12%per year compounded quarterly?

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