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12 Question 5 (4 points) You borrow $6219 at 8.9% per year and will pay off the loan in 3 equal annual payments starting one
12 Question 5 (4 points) You borrow $6219 at 8.9% per year and will pay off the loan in 3 equal annual payments starting one year after the loan is made. What is the interest amount of the payment at the end of the second year? (Round the answer to the nearest dollar) 5 Your Answer: Answer Question 6 (4 points) Milson Company is considering the purchase of ABC Company at a price of $190,000. If Milson makes the acquisition, its after tax cash flows will increase by $30,000 per year and remain at this new level forever. If the company MARR is 15%, should Milson buy ABC Company
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