Anne Lee and her sister operate in office services company that carries to local small businesses recently they got an opportunity to buy a used new speed copy machine for $8500 which they considered an excellent price to make the purchase quickly they agreed to pay a $1000 now and buy a $7500 from my seller for 60 days and 9.5% simple interest what is the total amount that they will need to repay the seller at the end of the 60 days?

Anne Lee and her sister operate in office services company that carries to local small businesses recently they got an opportunity to buy a used new speed copy machine for $8500 which they considered an excellent price to make the purchase quickly they agreed to pay a $1000 now and buy a $7500 from my seller for 60 days and 9.5% simple interest what is the total amount that they will need to repay the seller at the end of the 60 days?

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 28P

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