The initial cost of a pickup truck is $12,658 and will have a salvage value of $4,488 after five years. Maintenance is estimated to be a uniform gradient amount of $143 per year, with zero dollar for first year maintenance. The operation cost is estimated to be $0.38 per mile for 164 miles per month. If the interest rate is 12%, what is the annual equivalent cost (AEC) for the truck?
Enter your answer as follow: 123456
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlinesOrder Paper Now