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please show work by hand. DO NOT USE EXCAL. Thank you 2. Assume that you are the finance officer for an equipment dealer. The owner
please show work by hand. DO NOT USE EXCAL. Thank you
2. Assume that you are the finance officer for an equipment dealer. The owner has asked you to determine the markup needed for the following financing packages. Assume that you need to net (today) $250,000 on a particular machine for the dealership to break even and that the companies required rate of return is 6% AR. All payment plans are to involve monthly payments. Determine a common list price and rebate plan that will generate a $250,000 net to your company for each financing alternative. " No payments for 12 months, 36 month financing at a 2% AR." " 1% AR financing for 4 years (48 months). " " 3% AR financing with 24 monthly payments and no payments or interest for one year." a. b. C
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