You are considering purchasing a dump truck The truck will

Last updated: 2/4/2024

You are considering purchasing a dump truck The truck will cost 74 000 and have operating and maintenance cos that start at 15 000 the first year and increases by 1 000 per year Assume that the salvage value at the end of fiv years is 17 000 and interest rate is 15 What is the equivalent annual cost of owning and operating the truck for five years Click the icon to view the interest factors for discrete compounding when i 15 per year The equivalent annual cost of owning and operating the truck is Round to the nearest dollar