Because of a chronic water shortage in California, new athletic fields must use artificial turf or xeriscape
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Because of a chronic water shortage in California, new athletic fields must use artificial turf or xeriscape landscaping. If the value of the water saved each month is $6000, how much can a private developer afford to spend now on artificial turf provided he must recover his investment in 5 years. Use an interest rate of 18% per year, compounded continuously? Write the spreadsheet function to display the answer.
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18 per year 1812 150 per month i e 00...View the full answer
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