What is equivalent uniform annual worth

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Reference no: EM132065659

Trixie is considering buying a new car at a cost of $15467. She is planning to keep the car for five years and is hoping the car will sell for $5484 at the end of year 5. She estimates that insurance, fees, maintenance, and gas will be $1147 in year 1 and will gradually increase every year by $221. What is the equivalent uniform annual worth (EUAW) of this car at a 2% interest rate?

Reference no: EM132065659

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