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On January 2 , 2 0 2 2 , a company purchased a piece of equipment to be used in its operations. The price of
On January a company purchased a piece of equipment to be used in its operations. The price of the machine is to be paid in four equal installments of $ each the first of which is a downpayment paid to the supplier on January Each of the other three payments will be made on December of the years and Assuming an implicit interest rate of the discounted value of the three future payments is $Given the above information, answer the following questions in your answer, do not use $ nor signs and give answers rounded to the nearest dollar.The amount of interest expense to be recorded at the end of is
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