Question: Your company is looking at purchasing a front-end loader at a cost of $165000. The loader would have a useful life of five years with

Your company is looking at purchasing a front-end loader at a cost of $165000. The loader would have a useful life of five years with a salvage value of $18,000 at the end of the fifth year. Determine the annual cost of the loader if the interest rate is 8% per year

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