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5. Problem 5 The purchase of a used pickup truck for $9,000 is being considered. Fuel and maintenance costs are $1,980 per year if the
5. Problem 5 The purchase of a used pickup truck for $9,000 is being considered. Fuel and maintenance costs are $1,980 per year if the truck is driven 16,000 kilometers, and vary directly with mileage. Assume you will keep and use the truck for 5 years. The salvage value after five years of use decreases (from the original purchase price) by $0.05 per kilometer driven during that entire period. (a) Find the equivalent uniform annual cost, rounded to the nearest dollar, if the interest rate is 8%. (b) If the annual mileage is instead 24,000 km, what would the EUAC be? (c) If the annual mileage is instead 8,000 km, what would the EUAC be
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