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Josh Deets Corporation purchased a front-end loader for $250,000. The payment terms offered by the dealer was payments of $57,743.66 at the end of each
Josh Deets Corporation purchased a front-end loader for $250,000. The payment terms offered by the dealer was payments of $57,743.66 at the end of each year for the next five years. What interest rate is being offered by the dealer? 6% O 3% 4% O 0% O None of the other answers is correct. Josh Deets Corporation purchased a front-end loader for $250,000. The payment terms offered by the dealer was payments of $57,743.66 at the end of each year for the next five years. What is the total interest Deets will pay over the life of the loan? $250,000 O $38,718 $0 O None of the other answers is correct. Josh Deets Corporation purchased a front-end loader for $250,000. The local bank has offered to finance the purchase at 5% interest. Deets would be required to make equal payments at the beginning of each year for the next five years. What will be the amount of the payments? 57,743.66 $50,000 $39,176 o $54,994 O None of the other answers is correct
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