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Exercise 6-11 (Part Level Submission) Sunland Excavating Inc. is purchasing a bulldozer. The equipment has a price of $96,700. The manufacturer has offered a payment
Exercise 6-11 (Part Level Submission) Sunland Excavating Inc. is purchasing a bulldozer. The equipment has a price of $96,700. The manufacturer has offered a payment plan that would allow Sunland to make 8 equal annual payments of $18,790.86, with the first payment due one year after the purchase. Collapse question part (a) How much total interest will Sunland pay on this payment plan? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Total interest $
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