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On January 2, 2022, a company purchased a piece of equipment to be used in its operations. The price of the machine is to be
On January 2, 2022, 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 $10,000 each the first of which is a down-payment paid to the supplier on January 2, 2022. Each of the other three payments will be made on December 31 of the years 2022, 2023 and 2024. Assuming an implicit interest rate of 10%, the discounted value of the three future payments is $24,869. Given the above information, answer the following questions (in your answer, do not use "$" nor "%" signs and give answers rounded to the nearest dollar.) The value of the machine to be
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