Metalfab Pump and Filter, Inc. estimates that the cost of steel bodies for pressure valves will increase
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Metalfab Pump and Filter, Inc. estimates that the cost of steel bodies for pressure valves will increase by $2 every 3 months. If the cost for the first quarter is expected to be $80, what is the present worth of the costs for a 3-year time period at an interest rate of 3% per quarter?
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