Home owner needs to generate electricity worth

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Reference no: EM131559542

A home owner needs to generate electricity worth of $3000 at the end of every year from his PV modules to be able to achieve a 25% green power. Knowing that the PV system he would purchase will last 5 years with no running or maintenance costs, and using an interest rate of 7%, how much should he invest in that system now?

Reference no: EM131559542

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