09/02/2019 5:15:00 09/02/2019 5:15:00 Defmean

09/02/2019 5:15:00 Equivalent annual cost Equivalent annual cost

Equivalent annual cost

What is Equivalent annual cost?

Equivalent annual cost meaning in finance terminology / glossary / dictionary is:
The cost per year of owning an asset over its entire life.

reference: Yahoo Finance Glossary