Estimate the cost in year

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Reference no: EM131810427

The cost of garbage pickup in Green Valley is $4.5M for year 1. Estimate the cost in year 3 in year-1 dollars and in nominal dollars. The population is increasing at 6%, the nominal cost per ton is increasing at 5%, and the inflation rate is estimated at 4%. (Answer: $5.57M in nominals)

Reference no: EM131810427

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