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The cost of replacing a fleet of company trucks with more energy efficient vehicles was $ 1 0 0 million in 2 0 2 3

The cost of replacing a fleet of company trucks with more energy efficient
vehicles was $100 million in 2023. The cost is estimated to rise by 8.5% in
2024. If the interest rate is 4%, what is the cost of a delay in terms of dollars
in 2023?
26
BUS3030B Spring 2024 Class 5 & 6

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