What is the equivalent uniform annual cost

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A piece of equipment costs $1200 and has a salvage value of $400 at the end of its 3 year life. Maintenance costs are $200 for the first year and increase $50 per year to the end of it's 3 year useful life. The company has an MARR of 6%. What is the Equivalent Uniform Annual Cost?

 

Please show formula use in excel or formula used to calculate.

Reference no: EM13947274

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