BACK expand its production capacity to met customens demand for ts produt Splh Splish Inc. has decided to purchase equipment from Central Michigar Industries on a(n) $1,024,000, 5-year, zero-interest-bearing note to Central pay off the note in five $204,800 installments due at the end of each year over the life of the note January 2, 2017, to Michigan for the new equipment when the prevalling market rate of interest for obligations of this nature is 11%. The