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4. A company is buying anew machine for $100,000. Bank credit is used to finance the entire amount at a rate of 10% per year. (Namely, the interest rate is 10% per year on the unpaid balance (bakiye) of principal.) The company repay the debt in three years. Please fill in the tables below according to three different payment plans. a. PLAN 1 PLAN 1: Pay interest due at end of each year and principle at end of third year EOY Balance Interest for Interest Principle Total paid back Period paid back $100,000.00 1 $0.00 2 $0.00 3 $0.00 ТОTAL AMOUNT PAID BACK:

4. A company is buying anew machine for $100,000. Bank credit is used to finance the entire amount at a rate of 10% per year. (Namely, the interest rate is 10% per year on the unpaid balance (bakiye) of principal.) The company repay the debt in three years. Please fill in the tables below according to three different payment plans. a. PLAN 1 PLAN 1: Pay interest due at end of each year and principle at end of third year EOY Balance Interest for Interest Principle Total paid back Period paid back $100,000.00 1 $0.00 2 $0.00 3 $0.00 ТОTAL AMOUNT PAID BACK:

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 17P
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4. A company is buying anew machine for $100,000. Bank credit is used to finance the entire amount at a rate of 10% per year. (Namely, the interest rate is 10% per year on the unpaid balance (bakiye) of principal.) The company repay the debt in three years. Please fill in the tables below according to three different payment plans. а. PLAN 1 PLAN 1: Pay interest due at end of each year and principle at end of third year EOY Balance Interest for Interest Principle Total paid back Period paid back $100,000.00 1 $0.00 2 $0.00 3 $0.00 TOTAL AMOUNT PAID BACK:
Transcribed Image Text:4. A company is buying anew machine for $100,000. Bank credit is used to finance the entire amount at a rate of 10% per year. (Namely, the interest rate is 10% per year on the unpaid balance (bakiye) of principal.) The company repay the debt in three years. Please fill in the tables below according to three different payment plans. а. PLAN 1 PLAN 1: Pay interest due at end of each year and principle at end of third year EOY Balance Interest for Interest Principle Total paid back Period paid back $100,000.00 1 $0.00 2 $0.00 3 $0.00 TOTAL AMOUNT PAID BACK:
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