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Monty Burns buys a new nuclear reactor for $900 000. Transportation costs amounted to $2 500 and insurance during transit cost $500. The insurance
Monty Burns buys a new nuclear reactor for $900 000. Transportation costs amounted to $2 500 and insurance during transit cost $500. The insurance for the first year of the reactor's useful life amounted to $20 000. Testing and installation costs (prior to putting the reactor into use) amounted to $4000. Calculate the cost of the reactor. Please be sure to show your work. (3)
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