skateboardb718
skateboardb718
29.07.2020 • 
Business

You are considering purchasing a used car for $9,000. Records for other vehicles show that the costs for oil, tires, and repairs are about equal to the cost for fuel. Fuel costs are $990 per year if the truck is driven 16,000 kilometers per year. The salvage value after 5 years of use drops about 5% per kilometer. Find the equivalent uniform annual cost if the interest rate if 6 %. How much does this change if the annual mileage is 15,000?

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