Business, 18.02.2021 23:30, TaraC

The Department of Traffic Security of a city is considering the purchase of a new drone for aerial surveillance of traffic on its most congested streets. A similar purchase 4 years ago cost $1,100,000. At an interest rate of 7% per year, what is the equivalent value today of the previous $1,100,000 expenditure

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The Department of Traffic Security of a city is considering the purchase of a new drone for aerial s...