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Can someone please help and show steps with formulas?! Thanks! You are considering purchasing a dump truck. The truck will ost $65,000 and have operating

image text in transcribed
image text in transcribed Can someone please help and show steps with formulas?! Thanks!
You are considering purchasing a dump truck. The truck will ost $65,000 and have operating and maintenance costs You are considering purchasing a dump truck. The truck will cost $65,000 and have operating and maintenance costs that start at $20,000 the first year and increases by $1,900 years is $16,000 and interest rate is 6%. What is the equivalent annual cost of owning and operating the truck for five years? per year. Assume that the salvage value at the end of five 4 Click the icon to view the interest factors for discrete compounding when i= 6% per year. The equivalent annual cost of owning and operating the truck is $ . (Round to the nearest dollar.)

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