The Department of Traffic Security of a city is
Chapter 2, Problem 2.2(choose chapter or problem)
The Department of Traffic Security of a city is consideringthe purchase of a new drone for aerial surveillanceof traffic on its most congested streets. Asimilar purchase 4 years ago cost $1,200,000. At aninterest rate of 7% per year, what is the equivalentvalue today of the previous $1,200,000 expenditure?
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