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Dak, a purchasing manager for a farm co - op , negotiated a deal for some equipment. The farm co - op took out a
Dak, a purchasing manager for a farm coop negotiated a deal for some equipment. The farm coop took out a loan of $ with a $ payment due at signing assume all of this payment applies towards the loan amount The remaining will be paid off with quarterly payments for the next years. If the negotiated interest rate on the debt is compounded quarterly. What will the farm coop's payment be If needed, round to decimal places. a The quarterly payment would be Assuming all of the payments were on time and the farm coop did not prepay on the loan. What is the total amount the farm coop paid and the total interest? b The total amount the farm coop paid was $ and the total interest was Need help finding the first part of question b It isnt as i got.
Dak, a purchasing manager for a farm coop negotiated a deal for some equipment. The farm coop took
out a loan of $ with a $ payment due at signing assume all of this payment applies
towards the loan amount The remaining will be paid off with quarterly payments for the next years. If
the negotiated interest rate on the debt is compounded quarterly. What will the farm coop's payment
be If needed, round to decimal places.
a The quarterly payment would be
Assuming all of the payments were on time and the farm coop did not prepay on the loan.
What is the total amount the farm coop paid and the total interest?
b The total amount the farm coop paid was $
and the total interest was
Need help finding the first part of question b It isnt as i got.
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