The equivalent uniform annual cost is most nearly

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1. A company borrows $100,000 today at 12% nominal annual interest. The monthly payment of a 5-year loan is most nearly?

2. A tractor cost $7,500. After 10 years it has a salvage value of $5000. Maintenance costs are $500 per year. If the interest rate is 10%, the equivalent uniform annual cost is most nearly?

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