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Payments. Sam Hinds, a local dentist, is going to remodel the dental reception area and add two new workstations. He has contacted A Dec, and
Payments. Sam Hinds, a local dentist, is going to remodel the dental reception area and add two new workstations. He has contacted A Dec, and the new equipment and cabinetry will cost $18,000. A Dec wil finance the equipment purchase at 9% for 6 years. What wil Hinds have to pay in annual payments for this equipment? What wil Hinds have to pay in annual payments for this equipment? (Round to the nearest cent)
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