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The repair costs on a heat exchanger are expected to be zero (due to warranty) the first year and increase by $1,500 per year over

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The repair costs on a heat exchanger are expected to be zero (due to warranty) the first year and increase by $1,500 per year over the seven-year life. A sum of money that draws return of 8% is set aside to pay for those costs. How much the sum of money ought to be? O $13,826 O $30,070 O $7,800 O $21.036

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