Problem
The cost of garbage pickup in Green Valley is $4.5M for year 1. Estimate the cost in year 3 in year-1 dollars and in nominal dollars. The population is increasing at 6%, the nominal cost per ton is increasing at 5%, and the inflation rate is estimated at 4%.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.