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Transcontinental Pipelines is considering a technical process that is expected to reduce annual maintenance costs by $88,000. What is the maximum amount of money that

Transcontinental Pipelines is considering a technical process that is expected to reduce

annual

maintenance costs by

$88,000.

What is the maximum amount of money that could be invested in the process to be economically feasible if interest is

9.1%

compounded

quarterly?

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