Question: please help me solve question 17 and 18 Question 17 (4 points) like driving small cars and I buy nearly identical ones whenever the old

Question 17 (4 points) like driving small cars and I buy nearly identical ones whenever the old one needs replacing. Typically, I trade in my old car for a new one costing about $20000 Standard maintenance and repair costs expected to be $500 in the first year (at the end of the year), $750 in the second year, increasing by $500 per year thereafter Assume interest is 8% and straight line depreciation with a salvage value for the vehicle of $4000 after four years a Calculate the EAC TOTAL for YEAR 1. Round your answer to the nearest dollar. EAC EAC EAC Year Salvage Maintenance Capital Maintenance Total 0 $20,000 XXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXX 1 2 3 4 Your Answer: Answer Question 18 (4 points) I like driving small cars and I buy nearly identical ones whenever the old one needs replacing. Typically, I trade in my old car for a new one costing about $20000 Standard maintenance and repair costs expected to be $500 in the first year (at the end of the year). $750 in the second year, increasing by $500 per year thereafter. Assume interest is 8% and straight line depreciation with a salvage value for the vehicle of $4000 after four years. a. Calculate the EAC TOTAL for YEAR 2. Round your answer to the nearest dollar. EAC EAC EAC Year Salvage Maintenance $20,000 Capital Total 0 Maintenance XXXXXXXXXXXXXX XXXXXXXXXXXXXX XXXX xxxxxxxxx 1 2 3 4 Your
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