Determine what is expected cost in 2012 of jets

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The manufacturer of commercial jets has a cost index equal to 94.9 per aircraft in 2009. the anticipated cost index for the airplane in 2014 is 106.8. the avaerage compound rate of growth should hold steady for the next 15 years. If an aircraft costs $10.2 million to build in 2010, What is expected cost in 2012?

Reference no: EM13250366

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