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Artificial turf or xeriscape landscaping

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Because of chronic water shortage in Santa Fe, new athletic fields must use artificial turf or xeriscape landscaping. If the value of the water saved per month is $6,000, how much can a private developer afford to spend on artifical turf if he wants to recover his investment in 5 years at an interest rate of 18% per year, compounded continuously?

Reference no: EM13257195

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