Question: 10 Your company is looking at purchasing a front-end loader at a cost of $175,500. The loader would have a useful life of four years

Your company is looking at purchasing a front-end loader at a cost of $175,500. The loader would have a useful life of four years with a salvage value of $19,500 at the end a the fourth year. Determine the annual cost of the loader if the interest rate is 10% per year.

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