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Business, 25.01.2020 06:31 bee1538

Ahomeowner in a sunny climate has the opportunity to install a solar water heater in his home for a cost of $2900. after installation the solar water heater will produce a small amount of hot water every day, forever, and will require no maintenance. the homeowner's water bill is thus lowered by a fixed amount every year, forever. how much must the homeowner save on water heating costs every year if this is to be a sound investment? (the interest rate is 5% per year.) a. $145 b. $160 c. $175 d. $190

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