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Hawthorne Inc. utilizes a regenerative thermal oxidizer in their manufacturing process, the maintenance cost of which has increased according to an arithmetic gradient for 5
Hawthorne Inc. utilizes a regenerative thermal oxidizer in their manufacturing process, the maintenance cost of which has increased according to an arithmetic gradient for 5 years. The cost in year 1 was $4,300. If the interest rate is 8% per year and the present worth of the costs for a 5-year period was $24,500, the amount of the yearly increase, G, was closest to: $945 $1,670 $952 $616 $994
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