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The City of Meyers is considering a treatment plant with an initial investment of $20 million and a life of 50 years. The city uses

The City of Meyers is considering a treatment plant with an initial investment of $20 million and a life of 50 years. The city uses a rate of 1% per year compounded yearly. If the plant would be needed indefinitely, what is the total investment that the city should budget for the project? $17.35M $23.27M $32.90M $51.03M

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