DO IT IN EXCEL, AND SHOW THE FORMULAS The company purchases a machine, its cost of $726,000 will be financed with a loan at 13.8% interest for three years that requires equal semi-annual payments (annuities) that include principal and interest. What is the amount of the payment? A) $185,674.92 B) None of these amounts C) $311,662.13 D) $151,841.86
DO IT IN EXCEL, AND SHOW THE FORMULAS The company purchases a machine, its cost of $726,000 will be financed with a loan at 13.8% interest for three years that requires equal semi-annual payments (annuities) that include principal and interest. What is the amount of the payment? A) $185,674.92 B) None of these amounts C) $311,662.13 D) $151,841.86
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 16P
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5.-
DO IT IN EXCEL, AND SHOW THE FORMULAS
The company purchases a machine, its cost of $726,000 will be financed with a loan at 13.8% interest for three years that requires equal semi-annual payments (
A) $185,674.92
B) None of these amounts
C) $311,662.13
D) $151,841.86
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