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Equivalent uniform annual worth of machine

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A machine costs $25,000 and has a 10-year lifetime. A major maintenance will be needed at the end of 5 years, which costs $2,000. At the end of 10 years, it can be sold at $5,000. Assuming a nominal annual interest rate of 6%, compounded annually, what is the equivalent uniform annual worth (EUAW) of the machine? Round your result to the nearest dollar. Do not enter any units or commas.

Reference no: EM133083348

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