Question
On July 1, 2010, a customer has agreed to make six, $2,000 quarterly cash payments staring October 1, 2010 and $6,000 on July 1, 2013
On July 1, 2010, a customer has agreed to make six, $2,000 quarterly cash payments staring October 1, 2010 and $6,000 on July 1, 2013 in exchange for a piece of equipment that cost you $12,000. If the annual interest rate is 8% and the how much profit did you earn on the sale of the equipment?
-Please show all work and equations
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Accounting For Beginners Learn Easy And Fast Accounting Principles
Authors: Dan Wilson
1st Edition
1700199900, 978-1700199904
