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What is the total investment that the city should budget

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Question - The City of Donville is planning to build a small 7 MW geothermal energy plant with an initial investment of $50 million and a life of 40 years. The city uses a rate of 6% per year compounded yearly. If the plant will be needed indefinitely, what is the total investment that the city should budget for the project?

Reference no: EM132957162

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