Question: Without using excel please a) A family is planning to buy a vacation cabin for $30,000. The family intends to keep the cabin for 6

Without using excel please

a) A family is planning to buy a vacation cabin for $30,000. The family intends to keep the cabin for 6 years and expects the annual unkeep and taxes to amount to $900 per year. Without any major repairs, the cabin should have a resale price of $26,000. What is the equivalent annual cost of owning the cabin if the familys acceptable interest rate is 6%?

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