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28 Sep 2019
The initial cost of a pickup truck is $11011 and will have a salvage value of $4142 after five years. Maintenance is estimated to be a uniform gradient amount of $160 per year, with zero dollars for first-year maintenance. The operation cost is estimated to be $0.27 per mile for 347 miles per month. If the interest rate is 12%, what is the annual equivalent cost (AEC) for the truck?
The initial cost of a pickup truck is $11011 and will have a salvage value of $4142 after five years. Maintenance is estimated to be a uniform gradient amount of $160 per year, with zero dollars for first-year maintenance. The operation cost is estimated to be $0.27 per mile for 347 miles per month. If the interest rate is 12%, what is the annual equivalent cost (AEC) for the truck?
Joshua StredderLv10
28 Sep 2019
