Local county government is considering purchasing some dump trucks for trash pickups. each truck will cost $55,000 and have an operating and maintenance cost that starts at $18,000 the first year and increases by $3,000 per year thereafter. assume a salvage value of $12,000 at the end of 5 years and the interest rate is 10%. what is the equivalent uniform annual cost of owning and operating each truck?

2. which of the following statements about interest is true? a. interest is a one-time fee that you pay for lending money. b. interest is expressed as a percentage of the amount you are borrowing. c. because interest rates tend to be small numbers, they typically don't have much effect on the price of the goods you're purchasing. d. interest is a penalty that you pay when you don't pay your bills on time.