You are considering purchasing a dump truck. the truck will cost $75,000 and have operating and maintenance costs that start at $18,000 the first year and increases by $2,000 per year. assume that the salvage value at the end of five years is $22,000 and interest rate is 12%. what is the equivalent annual cost of owning and operating the truck?

Which of the following makes a true statement about the relationship between government and financial institutions? government and financial institutions do not interact with each other. financial institutions like the u.s. treasury must approve increases in the government deficit. government can pass laws to limit what financial institutions can charge in interest and fees. financial institutions like local banks must approve interest rates set by the federal reserve.