estion 17 (4 points) I like driving small cars and I buy nearly identical ones whenever the old one needs replacing. Typically, I trade in my old car for a new one costing about $20000. Standard maintenance and repair costs are expected to be $500 in the first year (at the end of the year), $750 in the second year, increasing by $500 per year thereafter. Assume interest is 8% and straight line depreciation with a salvage value for the vehicle of $4000 after four years. a. Calculate the EAC TOTAL for YEAR 1. Round your answer to the nearest dollar. EAC EAC EAC Capital Maintenance Year Salvage Maintenance 0 $20,000 Total (XXXXXXXX xxxxxxxxxxxxx xxxxxxxxxxxxxx XXXXXXXXX 1 N 3 4 Your Answer: Answer Question 18 (4 points) I like driving small cars and I buy nearly identical ones whenever the old one needs replacing. Typically. I trade in my old car for a new one costing about $20000. Standard maintenance and repair costs are expected to be $500 in the first year (at the end of the year), $750 in the second year, increasing by $500 per year thereafter. Assume interest is 8% and straight line depreciation with a salvage value for the vehicle of $4000 after four years. a. Calculate the EAC TOTAL for YEAR 2. Round your answer to the nearest dollar. EAC EAC EAC Capital Maintenance XXX xxx xxxxxxxxxxxxxx Year Salvage Maintenance 0 $20,000 Total XXXXXXXX XXXXXXXXX 1 2 3 4 Your Answer: Answer IVVCI stion 19 (4 points) I like driving small cars and I buy nearly identical ones whenever the old one needs replacing. Typically, I trade in my old car for a new one costing about $20000. Standard maintenance and repair costs are expected to be $500 in the first year (at the end of the year), $750 in the second year, increasing by $500 per year thereafter. Assume interest is 8% and straight line depreciation with a salvage value for the vehicle of $4000 after four years. a. Calculate the EAC TOTAL for YEAR 3. Round your answer to the nearest dollar. EAC EAC EAC Capital Maintenance Total Year Salvage Maintenance 0 $20,000 XX CXXXXXXXXXX XXXXXX XXXXX XXX xxxx XXXXXXXXX 1 2 3 4 our Answer: Answer tion 20 (4 points) I like driving small cars and I buy nearly identical ones whenever the old one needs replacing. Typically, I trade in my old car for a new one costing about $20000. Standard maintenance and repair costs are expected to be $500 in the first year (at the end of the year), $750 in the second year, increasing by $500 per year thereafter. Assume interest is 8% and straight line depreciation with a salvage value for the vehicle of $4000 after four years. a. Calculate the EAC TOTAL for YEAR 4. Round your answer to the nearest dollar. EAC EAC EAC Capital Maintenance Maintenance xxxxxxxxxxxxxx Year Salvage 0 $20,000 Total xxxxxxxxx XXXXXXXXXXXXXXXXXXXXXXXXXXX 1 2 3 4 Your
