A tractor cost $12,000. After 12 years it has a salvage value of $2,000. Maintenance costs are $800 per year. If the interest rate is 12%, the equivalent uniform annual cost is most nearly:
A tractor cost $12,000. After 12 years it has a salvage value of $2,000. Maintenance costs are $800 per year. If the interest rate is 12%, the equivalent uniform annual cost is most nearly:
1 Answer
Hamza Khalifa
Updated on December 19th, 20202654$
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