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You want to buy an ice cream machine. The machine costs $1,000 and it requires $200 cost for filter replacement every year. The machines salvage

You want to buy an ice cream machine. The machine costs $1,000 and it requires $200 cost for filter replacement every year. The machine’s salvage value after 5 years is $200. If the interest rate is 6%, what is the equivalent uniform annual cost?

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