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Find what is asked Stark Industries ordered 2 linear accelerators amounting to $29628475.00. The company paid the equipment on an installment basis deferred on the
Find what is asked
Stark Industries ordered 2 linear accelerators amounting to $29628475.00. The company paid the equipment on an installment basis deferred on the start of the 7th year with 9 equal payments. They paid a down payment of $345351.00 and $604990.00 at the end of the 3rd period. With the worth of money being 9.66 % compounded semi-annually; Based on the picture find the following: 1.) Determine the periodic bill 2.) Determine the periodic bill if the down payments made before the annuity starts did not happen. 3.) Determine the periodic billing if the dues started on the day of purchase neglecting all other down payments and maintaining the number of equal payments. Stark Industries ordered 2 linear accelerators amounting to $29628475.00. The company paid the equipment on an installment basis deferred on the start of the 7th year with 9 equal payments. They paid a down payment of $345351.00 and $604990.00 at the end of the 3rd period. With the worth of money being 9.66 % compounded semi-annually; Based on the picture find the following: 1.) Determine the periodic bill 2.) Determine the periodic bill if the down payments made before the annuity starts did not happen. 3.) Determine the periodic billing if the dues started on the day of purchase neglecting all other down payments and maintaining the number of equal paymentsStep by Step Solution
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