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Exercise 6-11 (Part Level Submission) Pearl Excavating Inc. is purchasing a bulldozer. The equipment has a price of $104,500. The manufacturer has offered a payment

Exercise 6-11 (Part Level Submission) Pearl Excavating Inc. is purchasing a bulldozer. The equipment has a price of $104,500. The manufacturer has offered a payment plan that would allow Pearl to make 5 equal annual payments of $26,172.70, with the first payment due one year after the purchase. (a) How much total interest will Pearl 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

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