PLEASE write out FV, PV, PMT out like

50,000 FV

20 I/Y

3 N

On January 1, 2020 Burden company purchased a new piece of equipment for $44,000. They estimate that the equipment will last about 10 years and then be worth 54,000. The accumulated depreciation account at the end of 2022 (the third year would have a balance of $ 6,000 $ 900 $ 12,000 $ 18,000 Smith Company is buying a Widget from Jones Company. The original cost on January 1, 2020 was $30,000. Smith put 10% down and is making annual payments each December 31st of $6,409.70 which include interest at 6%. If Smith is properly amortizing this purchase, the interest expense for 2021 (second year) is: $ 1,862.03 Some other number $ 1,620.00 $1,233.91 $1,332.62