$13$ & $14$

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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. $($Do not round intermediate calculations and round your final answer to $2$ decimal places.$)$

The reduction

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