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answer all please Payments. Sam Hinds, a local dentist, is going to remodel the dental reception area and add two new workstations. He has contacted
answer all please
Payments. Sam Hinds, a local dentist, is going to remodel the dental reception area and add two new workstations. He has contacted A-Dec, and the new equipment and cabinetry will cost $24,000. A-Dec will finance the equipment purchase at 7.5% for 9 years. What will Hinds have to pay in annual payments for this equipment? What will Hinds have to pay in annual payments for this equipment? (Round to the nearest cent.) Perpetuities. The Canadian Government has once again decided to issue a consol (a bond with a never-ending interest payment and no maturity date). The bond will pay $50 in interest each year (at the end of the year), but it will never return the principal. The current discount rate for Canadian government bonds is 5%. What should this consol bond sell for in the market? What if the interest rate should fall to 4%? Rise to 6%? Why does the price go up when interest rates fall? Why does the price go down when interest rates rise? If the current discount rate for Canadian government bonds is 5%, what should this bond sell for in the market? $ (Round to the nearest cent.)Step by Step Solution
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