Question 984873
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y=number of years
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$5000+$1100y=$12000+$700y
$400y=$7000
y=17.5
ANSWER 1: The total cost will be the same in 17.5 years.
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CHECK:
$5000+$1100(17.5)=$12000+$700(17.5)
$5000+$19250=$12000+$12250
$24250=$24250
ANSWER 2: The total cost for either after 17.5 years will be $24250.