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Dais Co. plans to purchase a new machine for $800,000 with 10%, 5-year loan. Assume the installment payment would be made immediately. What is the

Dais Co. plans to purchase a new machine for $800,000 with 10%, 5-year loan. Assume

the installment payment would be made immediately. What is the annual payment?

PVIF10%,5 =0.621, PVIFA10%,5 = 3.791

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