Question
Marigold Excavating Inc. is purchasing a bulldozer. The equipment has a price of $103,000. The manufacturer has offered a payment plan that would allow Marigold
Marigold Excavating Inc. is purchasing a bulldozer. The equipment has a price of $103,000. The manufacturer has offered a payment plan that would allow Marigold to make 9 equal annual payments of $19,330.92, with the first payment due one year after the purchase. How much total interest will Marigold pay on this payment plan?
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College Accounting A Practical Approach 1-15
Authors: Jeffrey Slater
4th Edition
013142050X, 978-0131420502
