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To save both money and the environment, your family is choosing to install all new energy-efficient appliances in your home. Replacing all of the major
To save both money and the environment, your family is choosing to install all new energy-efficient appliances in your home. Replacing all of the major appliances will cost $15,000 and will save $250 per month. If the interest is 12% per year, how long will it take your family to recover their initial investment? If using tables, round to the nearest year.
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