a)

b)

You buy $1,000 worth of equipment expected to last 15 years (with no salvage value). If the annual interest rate is 4.00% compounded annually, what is the closest Expected Uniform Annual Cost (EUAC)? $7.40 $89.94 $600.00 $69.33 None of the above I want to borrow $12,000 to buy a car. The bank offers me an annual interest rate of 4.00%, compounded monthly, for 4 years. How much will payment 11 be? $270.95 $250.00 $56.17 $3,305.88 None of the above