Business, 03.05.2021 15:00, zitterkoph

You are considering purchasing a dump truck. The truck will cost $45,000 and have an operating and maintenance cost that starts at $15,000 the first year and increases by $2,000 per year thereafter. Assume that the salvage value at the end of 5 years is $9,000 and interest rate is 12%. The equivalent annual cost of owning and operating the truck is most nearly:

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You are considering purchasing a dump truck. The truck will cost $45,000 and have an operating and m...