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

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

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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