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The cost of energy for operating high-lift pumps in a water distribution system was $200,000 for the first three years. Beginning in year four, the
The cost of energy for operating high-lift pumps in a water distribution system was $200,000 for the first three years. Beginning in year four, the cost increased by $10,000 each year for the next 10 years. What is the present worth in year 0 of these energy costs at an interest rate of 5% per year?
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