Metalfab Pump and Filter, Inc. estimates that thecost of

Chapter 4, Problem 4.40

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Metalfab Pump and Filter, Inc. estimates that thecost of steel bodies for pressure valves will increaseby $2 every 3 months. If the cost for the firstquarter is expected to be $80, what is the presentworth of the costs for a 3-year time period at aninterest rate of 3% per quarter?

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