The estimated salvage value for the computer at the end of, Business Economics

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The estimated salvage value for the computer at the end of

Creek side Consulting and Construction (CCC) is considering the purchase of a minicomputer that costs $45,000. The estimated salvage value for the computer at the end of 6 years is $6000. Find the computer's EAC if CCC uses an interest rate of 15% for economic evaluation.

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