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A manufacturing company is planning to buy a packagin equipment fo $ 5 0 0 , 0 0 0 . and make a $ 1
A manufacturing company is planning to buy a packagin equipment fo $ and make a $ own payment initial payment at time of purchase The company obtained a loan for the remaining amount to be paid with monthly installments over the next years monthly payments The interest rate is per year, compounded monthly. Answer the following question. After years ie after making payments the company decided to pay the remain on the loan. What is the amount to be paid at the end of year to pay off the equivalent remaining payments? a $ b $ c $ d $
A manufacturing company is planning to buy a packagin equipment fo $ and make a $ own payment initial payment at time of purchase The company obtained a loan for the remaining amount to be paid with monthly installments over the next years monthly payments The interest rate is per year, compounded monthly. Answer the following question.
After years ie after making payments the company decided to pay the remain on the loan. What is the amount to be paid at the end of year to pay off the equivalent remaining payments?
a $
b $
c $
d $
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