Carla Excavating Inc. is purchasing a bulldozer. The equipment has a price of $99,800. The manufacturer has offered a payment plan that would allow Carla to make 10 equal annual payments of $19,900.00, with the first payment due one year after the purchase.

A Player eTextbook X Homework Chapter 6 A Player + C learn.wileyplus.com/courses/45316/assignments/5330106 ... WP e Textbook and Media OT 6 m Your answer is partially correct. Carlacould borrow $99.800 from its bank to finance the purchase at an annual rate of 9%. Click here to view factor tables ? Should Carla borrow from the bank or use the manufacturer's payment plan to pay for the equipment? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 7%.) Manufacturer's rate 6.41766 % Borrow from the Bank e Textbook and Media > Type here to search 1:23 PM 6/4/2020 E 4