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It is estimated that the maintenance cost on a used car will be $300 the first year. Each subsequent year, the maintenance cost will increase
It is estimated that the maintenance cost on a used car will be $300 the first year. Each subsequent year, the maintenance cost will increase by $100 per year the next two years, and $250 per year the final three years of useful life. What are the yearly cash flows and the total cost of ownership?
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