Find the equivalent uniform annual cost

Reference no: EM132165017

Question: The purchase of a used pickup for $9000 is being considered. Records for other vehicles show that costs for oil, tires, and repairs about equal the cost for fuel. Fuel costs are $990 per year if the truck is driven 10,000 miles. The salvage value after 5 years of use drops about 8% per mile. Find the equivalent uniform annual cost if the interest rate is 8%. How much does this change if the annual mileage is 15,000? 5000?

Reference no: EM132165017

Questions Cloud

How much does the change if the annual mileage is given : The purchase of a used pickup for $9000 is being considered. Records for other vehicles show that costs for oil, tires, and repairs about equal.

Describe workplace relationship networking : BSBLDR502 – Lead and Manage Effective Workplace Relationships - Describe work place objective and how should they be presented

Determine the pessimistic and optimistic rates of return : A heat exchanger is being installed as part of a plant modernization program. It costs $80,000, including installation, and is expected to reduce the overall.

How scholars view terrorism as a topic to be studied : What are some of differences you see between how scholars view terrorism as a topic to be studied and how counterterrorism professionals.

Find the equivalent uniform annual cost : The purchase of a used pickup for $9000 is being considered. Records for other vehicles show that costs for oil, tires, and repairs about equal the cost.

Argumentative essay - Response to Nicholas Carr The Shallows : WRITING 100 Assignment - Argumentative Essay, NIAGARA UNIVERSITY, USA. Argumentative essay in response to Nicholas Carr's The Shallows

Why a telephone pole might be removed : Telephone poles exemplify items that have varying useful lives. Telephone poles, once installed in a location, remain in useful service until one of a variety.

Explain the homology debacle : Provide 2 offender characteristics that have proven to be investigatively relevant in a behavioral evidence analysis profile. Explain.

Examine how soon can he retire : Julio is a good engineer, but he is uninterested in earning a promotion. Thus, his salary will stay at $60,000 per year until he retires.

User Account

All Pages