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Ten years ago, Fisal purchased a truck for $285,000 to move goods. He expected a salvage value of $50,000 after 10 years. During this time
Ten years ago, Fisal purchased a truck for $285,000 to move goods. He expected a salvage value of $50,000 after 10 years. During this time his average annual revenue totaled $52,000. What is the minimum annual amount Fisal needs to recover his initial investment at 12% per year?
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