Question
On January 1, a company purchases equipment with a $5,000 down payment and $5,000 due on January 1 for each of the next 5 years.
On January 1, a company purchases equipment with a $5,000 down payment and $5,000 due on January 1 for each of the next 5 years. Assuming an interest rate of 8%, at what cost (rounded to the nearest dollar) should the equipment be recorded?
$30,000
$24,964
$21,561
$19,964
CAN YOU PLEASE SHOW ME HOW YOU GET RESPONSE?
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Health And Safety Environment And Quality Audits A Risk Based Approach
Authors: Stephen Asbury
4th Edition
1032427574, 978-1032427577
