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If the interest rate is 8%, what is the Equivalent Annual Cost (EAC) of the following machine: Cost: $8,000 Life: 5 years Annual cost to
If the interest rate is 8%, what is the Equivalent Annual Cost (EAC) of the following machine:
Cost: $8,000
Life: 5 years
Annual cost to operate: $2,000
Answer to 2 decimal places, for example 970.12
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Personal Finance Turning Money Into Wealth
Authors: Arthur J. Keown
1st Edition
1269891472, 9781269891479
