Exercise 6-11 Marin Excavating Inc. is purchasing a bulldozer. The equipment has a price of $103,000. The manufacturer has offered a payment plan that would allow Marin to make 9 equal annual payments of $19,330.92, with the first payment due one year after the purchase How much total interest will Marin pay on this payment plan? (Round Factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.) Total interest LINK TO TEXT Marin could borrow $103,000 from its bank to finance the purchase at an annual rate of 11% Click here to view factor tables Should Marin borrow from the bank or use the manufacturer's payment plan to pay for the equipment? (Round answer to o decimal places, e.g. 74.) Manufacturer's rate LINK TO TEXT Exercise 6-11 Marin Excavating Inc. is purchasing a bulldozer. The equipment has a price of $103,000. The manufacturer has offered a payment plan that would allow Marin to make 9 equal annual payments of $19,330.92, with the first payment due one year after the purchase. How much total interest will Marin pay on this payment plan? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, c.g. 458,581.) Total interest LINK TO TEXT Marin could borrow $103,000 from its bank to finance the purchase at an annual rate of 11% Click here to view factor tables Should Marin borrow from the bank or use the manufacturer's payment plan to pay for the equipment? (Round answer to o decimal places, e.g. 7%.) Manufacturer's rate Borrow from the Bank Use Manufacturer's Payment Plan