Question: It will cost A-1 Courier $1300 to convert a van from gasoline to natural gas fuel. The remaining useful life of the van is estimated

It will cost A-1 Courier $1300 to convert a van from gasoline to natural gas fuel. The remaining useful life of the van is estimated at five years. To financially justify the conversion, what must be the reduction in the monthly cost of fuel to repay the original investment along with a return on investment of 12% compounded monthly? Assume that the fuel will be purchased at the beginning of each month.

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