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28 Oct 2022
The manufacturer of commercial jets has a cost index equal to 94.9 per aircraft in 2013. The anticipated cost index for the airplane in 2018 is 116.6. The average compound rate of growth should hold steady for the next 15 years. If an aircraft costs $20.1 million to build in 2014, what is its expected cost in 2016? State your assumptions.
The manufacturer of commercial jets has a cost index equal to 94.9 per aircraft in 2013. The anticipated cost index for the airplane in 2018 is 116.6. The average compound rate of growth should hold steady for the next 15 years. If an aircraft costs $20.1 million to build in 2014, what is its expected cost in 2016? State your assumptions.
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