Equipment Purchase A machine is purchased for $3000 down and payments of $250 at the end of every six months for six years. If interest is at 8% compounded semiannually, find the corresponding cash price of the machine. Suppose $50 is placed in a savings account at the end of each month for- four years. If no further deposits are made, (how much is in the account after six years, and (how much of this amount is compound interest? Assume that the savings account pays 6% compounded monthly