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Problem 2: The cost of energy for operating the new Football Stadium for the upcoming world cup in Brazil was R$1.4 million (Brazilian Reales) for

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Problem 2: The cost of energy for operating the new Football Stadium for the upcoming world cup in Brazil was R$1.4 million (Brazilian Reales) for the first 3 years. Beginning in year four, the cost increased by R$ 30,000 each year for the next 12 years. What is the present worth in year of the energy cost at an interest rate of 6% per year

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