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The purchase of a used pickup for $22000 is being considered. Records for other vehicles show that cost for oil, tires, and repairs about equal the cost for fuel. Fuel costs are $1950 per year if the truck is driven 12,500 miles. The salvage value after 6 years of use drops about 15 cents per mile. Find the equivalent uniform annual cost if the interest rate is 5%. 7000 6654 5554 6554
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