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ABC co. is contemplating the purchase of a new delivery truck. required: (all positive values) PV of balloon payment.......... Annuity........ 7th year total payment....... answer

ABC co. is contemplating the purchase of a new delivery truck.

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required: (all positive values)

  1. PV of balloon payment..........
  2. Annuity........
  3. 7th year total payment.......
answer ASAP
cost 1,200,000 downpayment 20% loan rate 14.25% annuity, 7 yrs payment plan plus balloon payment of 200,000 at end of year 7

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