Question: Saved 5 Problem 8-33 Equivalent Annual Annuity (LO5) 10 A firm can lease a truck for 4 years at a cost of $47000 annually. It

Saved 5 Problem 8-33 Equivalent Annual Annuity (LO5) 10 A firm

Saved 5 Problem 8-33 Equivalent Annual Annuity (LO5) 10 A firm can lease a truck for 4 years at a cost of $47000 annually. It can instead buy a truck at a cost of $97000. with annual maintenance expenses of $27,000. The truck will be sold at the end of 4 years for $37,000. points a. What is the equivalent annual cost of buying and maintaining the truck if the discount rate is 10%? (Do not round intermedi calculations. Round your answer to 2 decimal places.) eBook Equivalent annual cost Hint

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