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    Cost of Living Index

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    The cost of a standard cooling system in 1990 was $25,000. If the equipment cost index at that time was 915.1, what will be the estimated cost for a similar system when the index is 1200?

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    https://brainmass.com/economics/microeconomics/cost-living-index-183679

    Solution Summary

    Cost under a new index is estimated in the solution.

    $2.19