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A forklift costs $18,000, and annual maintenance is $900, payable at the end of each year. After 3 years, the maintenance is paid and forklift
A forklift costs $18,000, and annual maintenance is $900, payable at the end of each year. After 3 years, the maintenance is paid and forklift is sold for $12,000. At a discount rate of 8% per annum, the equivalent uniform annual cost is closest to:
- $11,581
- $4,188
- $3,228
- $2,900
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