The initial cost of a pickup truck is $10,048 and will have a salvage value of $4,400 after five years. Maintenance is estimated to be a uniform gradient amount of $132 per year, with zero dollar for first year maintenance. The operation cost is estimated to be $0.26 per mile for 280 miles per month. If the interest rate is 12%, what is the annual equivalent cost (AEC) for the truck? Enter your answer as follow: 123456

The initial cost of a pickup truck is $10,048 and will have a salvage value of $4,400 after five years. Maintenance is estimated to be a uniform gradient amount of $132 per year, with zero dollar for first year maintenance. The operation cost is estimated to be $0.26 per mile for 280 miles per month. If the interest rate is 12%, what is the annual equivalent cost (AEC) for the truck? Enter your answer as follow: 123456

Elements Of Electromagnetics

7th Edition

ISBN:9780190698614

Author:Sadiku, Matthew N. O.

Publisher:Sadiku, Matthew N. O.

ChapterMA: Math Assessment

Section: Chapter Questions

Problem 1.1MA

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Concept explainers

Applied Fluid Mechanics

A fluid is a substance that is continuously deformed by the application of shear stress. The rate of deformation of a fluid depends on its viscosity. The fluid tries to flow when it interacts with some other system.

Question

The initial cost of a pickup truck is $10,048 and will have a salvage value of $4,400 after five years. Maintenance is estimated to be a uniform gradient amount of $132 per year, with zero
dollar for first year maintenance. The operation cost is estimated to be $0.26 per mile for 280 miles per month. If the interest rate is 12%, what is the annual equivalent cost (AEC) for the
truck?
Enter your answer as follow: 123456

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