plz answer asap At Peturske's Warehouse, the forklift needs major repair. A new forklift can be purchased at a current cost of$38,200. If the new forklift is purchased, month-end payments of $926 would start in two years, and continuefor five years. Interest for the first two years is charged at 6.47% compounded annually.a.) What is the amount of the debt after the deferral period?b.) What is the nominal annual rate of interest during the payment period?Correct to exactly 4 decima places.c.) What is the effective annual rate of interest during the payment period?Correct to exactly 4 decimal places.

a] Deferral period means period after two years.…

Answered: Peturske's 200

Business

Finance

Peturske's 200

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 19P

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