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You are thinking of installing solar panels to save on your electricity spending. The panels will save you $3,000 in the first year. The panels

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You are thinking of installing solar panels to save on your electricity spending. The panels will save you $3,000 in the first year. The panels will then begin to wear out so that the savings of the panels decline at a rate of 1% per year forever. What is the present value of the savings if the interest rate is 5% per year? 1 1 A B c

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