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You buy a van for your company for $57,000 dollars. For the first ten years of operation you can expect an annual maintenance cost of
You buy a van for your company for $57,000 dollars. For the first ten years of operation you can expect an annual maintenance cost of $1,700. At the end of the 10 year period you can sell the van for $26,000. What is the equivalent uniform annual cost (EUAC) of this purchase, assuming 5.5% interest? O $6,676 O $7,562 O $7,243 O $2,019 O $11,281
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