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Economics: Calculate the truck’s annual expense at 8 percent interest per annum. 

  1. Eight years ago, for $115,000 to provide short-haul earthmoving services, Ohio Valley Trucking bought a large-capacity dump truck. Today, the company sold it for $45,000. There was an estimate of $10,500 a year in operational and repair expenses. At the end of year 4, a complete overhaul costs an additional $3600. Calculate the truck’s annual expense at 8 percent interest per annum. 
Eight years ago, for $115,000 to provide short-haul earthmoving services, Ohio Valley Trucking bought a large-capacity dump truck. Today, the company sold it for $45,000. There was an estimate of $10,500 a year in operational and repair expenses. At the end of year 4, a complete overhaul costs an additional $3600. Calculate the truck's annual expense at 8 percent interest per annum. 

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