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You are considering switching from electricity to gas in your home. The renovation would come at a cost of $3,696 but would allow you to
You are considering switching from electricity to gas in your home. The renovation would come at a cost of $3,696 but would allow you to save on energy costs forever from then on. Assume that the interest rate is 4% per year. For this renovation to be profitable, you need the change from electricity to gas to decrease your energy costs by at least $____ per year.
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