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3. Tesla Motors, which manufactures electric automobiles, has a yearly budget of $95,000 to fund a very specific component of their automobile. This budget will
3. Tesla Motors, which manufactures electric automobiles, has a yearly budget of $95,000 to fund a very specific component of their automobile. This budget will last for about 5 years. If the automobile maker predicted that they will spend at least $55,000 in the first year . How much wolud be the component cost if we consider the increase each year? The company will use a rate of 10% per year
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