Cost closest to the annual worth of the tractor

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Reference no: EM13815133

One tractor to be considered is a Montana. It has an initial cost of $34,000 and an annual maintenance of 175 with a salvage value of $12,000. It's useful life in years is 18. What is the value/cost closest to the annual worth of the Montana tractor using an interest rate of 10%?

A) -$4,580

B) -$4,060

C) -$3,900

D) -$4,320

E) -$3,710

Reference no: EM13815133

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