Question: What is the correct formula to solve? The answer should equal $235,675 4.55 Because of a chronic water shortage in California new athletic fields must

What is the correct formula to solve? The answer should equal $235,675

4.55 Because of a chronic water shortage in California new athletic fields must use artificial turf or xeri scape landscaping. If the value of the water saved each month is $6000, how much can a private de- veloper afford to spend now on artificial turf pr- vided he must recover his investment in 5 years. Use an interest rate of 18% per year, compounded continuously? Write th

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