Calculates Equivalent Annual Cost and compares two items-machines-goods using investment cost, expected lifetime, and Maintenance Cost to see which is the better buy.
Calculator:
https://www.mathcelebrity.com/eac.php
Time Stamps
00:00 Intro
00:08 Calculator Demo
01:55 EAC Formula
02:14 Generate an EAC practice problem
02:44 Conclusion
