Chapter 6 Equivalent Annual Worth - Oxford University Press
A project has a first cost of $75,000, operating and maintenance costs of $10,000 during each year of its 8 year life, and a $15,000 salvage value. What is its equivalent uniform annual cost (EUAC) if the interest rate is 12%? Solution 6-10 for 10 years to endow a scholarship. If interest is 9%, what annual amount can be awarded?
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