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An electric car costs $53,331 and the electric car battery bank costs $13,475. If the batteries have a life time of 8 years, what would

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An electric car costs $53,331 and the electric car battery bank costs $13,475. If the batteries have a life time of 8 years, what would be the present value of the replacement costs (in $) of the batteries if the discount rate is 1.6% and Inflation rate is 1.9%? Answer to 2 decimal

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