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easy help Green Industries purchased a machine from Cyan Corporation on October 1, 2024. In payment for the $141,000 purchase, Green issued a one-year installment
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Green Industries purchased a machine from Cyan Corporation on October 1, 2024. In payment for the $141,000 purchase, Green issued a one-year installment note to be paid in equal monthly payments at the end of each month. The payments include interest at the rate of 12%. Monthly installment payments are closest to: Note: Use tables, Excel, or a financial calculator. (FV of $1. PV of $1. FVA of $1. PVA of $1, FVAD of $1 and PVAD of $1 ) $11,750 $13,600 $12,528 $16,920 Step by Step Solution
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