Question
The municipal building for the city of Lethbridge is considering installation of a system of wind-powered generators. With the system, the city can save $13,000
The municipal building for the city of Lethbridge is considering installation of a system of wind-powered generators. With the system, the city can save $13,000 every six months in expenses. If interest is 4.75% compounded quarterly, how much should the city invest to install the system?
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
