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Pollution control equipment for a pulverized coal cyclone furnace is estimated to cost $250,000, 2 years from now, and, an additional $120,000, 5 years from

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Pollution control equipment for a pulverized coal cyclone furnace is estimated to cost $250,000, 2 years from now, and, an additional $120,000, 5 years from now. If Monongahela Power wants to set aside enough money now, to cover these future costs, how much must be invested at an interest rate of 8% per year, compounded semi-annually? 10 points At 8% interest, Monongahela Power has to invest $ ebook

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