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Economics

A fleet manager must choose between two trucks to purchase for a company's fleet. The company uses an interest rate of 5% and will keep either truck for 4 years. Truck A costs $28,000 and has a market value of $17,000 after 4 years. Truck B costs $32,000 and has a market value of $22,000 after 4 years. Determine the equivalent uniform annual cost (EUAC) for the truck the fleet manager should buy. Express your answer as a positive number is $ to the nearest $10.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91725341

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