Can some explain to me how to do these? Test today.
Question 27 On Jan. 1, 2022, a company purchased land for $250,000 by signing a 10-year, 9% installment note. The company will make monthly payments of $3,166.89 at the end of each month. Total monthly payments on the note are $380,027 (120 payments X $3,166.89). How much will the company pay for interest over the term of the note? Enter numeric answers without dollar signs (e.g., enter $5,000.48 as 5,000.48 or 5000.48). You Answered 225,000 Correct Answers 130,027 (with margin: 0) Question 28 A company purchased equipment. The contract required the company to pay $55,000 today and to pay $65,000 in 1 year. Assume an annual interest/discount rate of 10%. What is the total cost (present value) of the equipment? Round your answer to the nearest dollar, if necessary (e.g., 892.53 is rounded to 893). You Answered 120,000 Correct Answers Between 114,086 and 114,096 Question 29 A company purchased a machine; the contract price is to be paid in 2 installments of $25,000 each at the end of the next 2 years. Assume a 10% interest/discount rate. What is the total cost (present value) of the machine? Round your answers to the nearest dollar, if necessary (e.g., 892.53 is rounded to 893). swered 50,000 Answers Between 43,383 and 43,393 Question 30 A company needs to purchase equipment to use in its business. Today, the company is deciding between 2 different equipment purchase contracts. With each contract, the company will make payments over several years. Which contract should the company choose? swered The contract with the highest present value. Answer O The contract with the lowest present value. Question 27 0/4.5 pts Onlar 1 2022.s company purchased and for $250.000 by signing a 10-year 98 installment rate. The company will make monthly payments of $3.166.89 at the end of each month Total monthly payments on the notc and $320,027 (120 payments X $3,166.891 How much will the company way for interest over the term of the nate Enter numeric answers without dollar sienstee.enter $5.000.48.8 5.000.48 or 5000.48), You Answered 225,000 Correct Answers 130.027 (with margin 0) Question 28 0/4.5 pts Acompany purchased equipment. The contract required the company to pay $55.000 today and to pay $55.000 in 1 year. Assume an annual interest/discount rate of 10% What is the total cast are sent value of the equipment? Round your answer to the nearest dollar, if necessary c.3,992.53 ks rounded to 1931 You Answered 120,000 Correct Answers Between 114086 and 114096 Question 29 0/4.5 pts Acompany purchased a machinethe contract price is to be paid in 2 installments of $25,000 cach at the end of the next 2 years. Assume a 10% interest/discount rate. What is the total costosent value of the machine Round your answers to the nearest dollar, if necessary le... 892.53 is rounded to 893). You wed 50.000 Correct Answers Between 13,383 and 13,393 Question 30 0/4.5 pts A company needs to purchase equipment to use in its business. Today, the company is deciding between 2 different cuipment purchase contracts. With each contract, the company will make payments over several years, Which contact should the cow.chase You Are Twith this prevent walim Correct Answer The act with the latest
