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The cost of garbage pickup in Green Gulch is $4,500,000 for Year 1. Estimate the cost in Year3 in Year-1 dollars and in nominal dollars.
The cost of garbage pickup in Green Gulch is $4,500,000 for Year 1. Estimate the cost in Year3 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 ination rate is estimated at 4%.
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