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Don is considering buying a pickup truck at a cost of $30,000. He is planning to keep the truck for four years and sell it

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Don is considering buying a pickup truck at a cost of $30,000. He is planning to keep the truck for four years and sell it for $10,000 at the end of year 4 . He estimates that insurance, tax, and maintenance costs will be $3,400 per year. What is the equivalent uniform annual cost (EUAC) of this truck at 9% ? $10,474 $8,500 $9,772 $9,612

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