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BOTH ARE PARTS A. AND B. TO THE SAME QUESTION, DO EVERYTHING OR YOU WILL GET THUMBS DOWN. Payments. Sam Hinds, a local dentist, is
BOTH ARE PARTS A. AND B. TO THE SAME QUESTION, DO EVERYTHING OR YOU WILL GET THUMBS DOWN.
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 $18,000. A-Dec will finance the equipment purchase at 7.5% for 8 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.) Interest rate with annuity. What are you getting in terms of interest rate if you are willing to pay $13,000 today for an annual stream of payments of $2,500 for the next 25 years? The next 50 years? The next 125 years? Forever? What are you getting in terms of interest rate if you are willing to pay $13,000 today for an annual stream of payments of $2,500 for the next 25 years? \% (Round to two decimal places.) What are you getting in terms of interest rate if you are willing to pay $13,000 today for an annual stream of payments of $2,500 for the next 50 years? \% (Round to two decimal places.) What are you getting in terms of interest rate if you are willing to pay $13,000 today for an annual stream of payments of $2,500 for the next 125 years? \% (Round to two decimal places.) What are you getting in terms of interest rate if you are willing to pay $13,000 today for an annual stream of payments of $2,500 forever? \% (Round to two decimal places.)Step by Step Solution
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