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10) Holland Co. purchased equipment that requires annual payments of $25,000 to be paid at the end of each of the next 6 years. The

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10) Holland Co. purchased equipment that requires annual payments of $25,000 to be paid at the end of each of the next 6 years. The appropriate discount rate is 12%. What amount will be used to record the purchase price of the equipment? a) $150,000.00. b) $138,143.40 c) $102,785.25 d) $96,374.50 BONUS QUESTION Jenny Carson invested $12,000 at 8% annual interest compounded annually and left the money invested without withdrawing anything for 15 years. She looked in the four tables and, using 8% and 15 periods. she found the following four factors (in no particular order). Which factor would Jenny use to compute the amount she will have in the account? a) 27.15211. b) 8.55948. c) 3.17217 d) 0.31524

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