aztec company purchased a new machine by signing a note under which to agree to make a down payment at time of purchase and then make subsequent annual payments at the end of each year for the number of years indicated in the table below.

which one of the following statements is correct with respect to the above situation.

Aztec Company purchased a new machine by signing a note 6 $3,000 $3,000 Down payment required Subsequent annual payments Number of annual payments Annual interest rate 8 6% 1:28:57 Which one of the following statements is correct with respect Murple Odio The amount of interest id over the le of the sequel to the sequent annual payment amount times the number of payments less the recorded ourchate pe the rest is de nieble butterst being compounded querly rather than we recorded purchase price would be less O ne number of Subsequemermual" deymen given in de table is created, wat al other formation staying the same, te recorded purchase price would be lem the interesses then thered in the sable the recorded purchase price would be less The amount of interest pold over the life of the note is equal to the subsequent annual payment' amount times the number of annual payments less the recorded purchase price If the interest rate is a given in the table but interest hs being compounded quarterly rather than annually the recorded purchase price would be less Wthe number of subsequent ornul payments given in the table is increased, with oll ochor information staying the one the recorded purchase price would be less the Interest rate is less than that stored in the toble the recorded purchase price would be leon