Problem
You are interested in buying a used car that costs $15,000. A mechanic estimates that maintenance the first year will be $100 and that each year for the next 5 years this cost will increase $75 peryear so that in the last year (yr-6) the maintenance cost will be $475. If money is worth 10%, determine the uniform annual cost for this car if it is kept for 6 years.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.