answer for 4 per year and 12 per year.

Question Help Present value with periodic rates. Sam Hinds, a local dentist, is going to remodel the dental reception area and add two new workstations. He has contacted ec and th e equip en an cabinetry wil cost S 5000 The purchase wil be financed wit pay for this equipment if the loan calls for quarterly payments (4 per year) and monthly payments (12 per year)? Compare the annual cash outflows of the two payments. Why does the monthly payment plan have less total cash outflow each year? h an interest rate of 8% loan over 7 years. What will Sam have to What will Sam have to pay for this equipment if the loan calls for quarterly payments (4 per year)? (Round to the nearest cent.)