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You are planning to purchase a new truck for your farm. There are two alternatives available, EV and gasoline. EV truck has 1 5 years

You are planning to purchase a new truck for your farm. There are two alternatives

available, EV and gasoline. EV truck has $15$ years and gasoline truck has $10$ years life.

You are planning to finance the truck from a local credit union at $7 %$ interest rate.

Calculate the Equivalent Uniform Annual Cost for each option.

Associated costs are given below.

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