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Eight years ago, Ohio Valley Trucking purchased a large-capacity dump truck for $110,000 to provide short-haul earth- moving services. The company sold it today for $45,000. Operating and maintenance costs averaged $12,200 per year. A complete overhaul at the end of year 4 costs an extra $3600. If i = 8% per year, write a single-cell function to display the annual cost.

Eight years ago, Ohio Valley Trucking purchased a large-capacity dump truck for $110,000 to provide short-haul earth- moving services. The company sold it today for $45,000. Operating and maintenance costs averaged $12,200 per year. A complete overhaul at the end of year 4 costs an extra $3600. If i = 8% per year, write a single-cell function to display the annual cost.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Eight years ago, Ohio Valley Trucking purchased a large-capacity dump truck for $110,000 to provide short-haul earth- moving services. The company sold it today for $45,000. Operating and maintenance costs averaged $12,200 per year. A complete overhaul at the end of year 4 costs an extra $3600. If i = 8% per year, write a single-cell function to display the annual cost. Multiple Choice -PMT(8%, 4, –110000, 3600) – 12200 – PMT(8%, 4, ,-PV(8%, 4, –45000)) = -PMT(8%, 8, –12200, 45000) – 110000 – PMT(8%, 8, –PV(8%, 4, , –3600)) = -PMT(8%, 4, -110000, 3600) – 12200 – PMT(8%, 8, –PV(8%, 8, , –45000)) :-PMT(8%, 8, –110000, 45000) – 12200 – PMT(8%, 8, –PV(8%, 4, , –3600))
Transcribed Image Text:Eight years ago, Ohio Valley Trucking purchased a large-capacity dump truck for $110,000 to provide short-haul earth- moving services. The company sold it today for $45,000. Operating and maintenance costs averaged $12,200 per year. A complete overhaul at the end of year 4 costs an extra $3600. If i = 8% per year, write a single-cell function to display the annual cost. Multiple Choice -PMT(8%, 4, –110000, 3600) – 12200 – PMT(8%, 4, ,-PV(8%, 4, –45000)) = -PMT(8%, 8, –12200, 45000) – 110000 – PMT(8%, 8, –PV(8%, 4, , –3600)) = -PMT(8%, 4, -110000, 3600) – 12200 – PMT(8%, 8, –PV(8%, 8, , –45000)) :-PMT(8%, 8, –110000, 45000) – 12200 – PMT(8%, 8, –PV(8%, 4, , –3600))
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