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Exercise 6-11 Sosa Excavating Inc. is purchasing a bulldozer. The equipment has a price of $100,000. The manufacturer has offered a payment plan that would
Exercise 6-11 Sosa Excavating Inc. is purchasing a bulldozer. The equipment has a price of $100,000. The manufacturer has offered a payment plan that would low Sosa to make 10 equal annual payments of $16,274,53, with the first payment due one year after the purchase. How much total Interest will Sota pay on this payment plan? (Round factor values to s decimal places, ag. 1.25124 and final answer to decimal places, e.. 458,581.) Total interest LINK TO TEXT V Sosacould borrow $100,000 from its bank to finance the purchase at an annual rate of 9% Click here to view factor tables Should Sosa borrow from the bank or use the manufacturer's payment plan to pay for the equipment (Round factor values to 5 decimal toons 0.1.25124 and final answer to decimal places, 6.9.79.) Manufacturer's rate Click if you would like to Show Work for this questioni Open Show Work
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