Exercise 6-11 Tamarisk Excavating Inc. is purchasing a bulldozer. The equipment has a price of $95,300. The manufacturer has offered a payment plan that would allow Tamarisk to make 10 equal annual payments of $16,900.00, with the first payment due one year after the purchase. Your answer is correct. How much total interest will Tamarisk 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 - 73700 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Your answer is partially correct. Try again. Tamariskcould borrow $95,300 from its bank to finance the purchase at an annual rate of 9%. Click here to view factor tables Should Tamarisk borrow from the bank or use the manufacturer's payment plan to pay for the equipment? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 7%.) Manufacturer's rate TBorrow from the Bank Click if you would like to Show Work for this question: Open Show Work