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Maintenance costs for a deionizer increased according to a geometric gradient for 12 years. The cost in year 1 was $8000. If the interest rate
Maintenance costs for a deionizer increased according to a geometric gradient for 12 years. The cost in year 1 was $8000. If the interest rate is 10% per year, and the rate of increase is 6% per year. What is future worth of the maintenance costs at the end of year 12?
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