You are considering purchasing a dump truck. The truck will cost you $5,000 and have...
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Accounting
You are considering purchasing a dump truck. The truck will cost you $5,000 and have operating and maintenance costs that starts at $15,000 the first year and increases by $2000 per year thereafter. Assume that salvage at the end of five years is $9,000 and the interest rate is 12%. The equivalent annual cost of owning and operating the truck is most nearly
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