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Question 25 of 29 - 71 Cheyenne Excavating Inc. is purchasing a bulldozer. The equipment has a price of $98,200. The manufacturer has offered a
Question 25 of 29 - 71 Cheyenne Excavating Inc. is purchasing a bulldozer. The equipment has a price of $98,200. The manufacturer has offered a payment plan that would allow Cheyenne to make 10 equal annual payments of $17,400.00, with the first payment due one year after the purchase. How much total interest will Cheyenne pay on this payment plan? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, eg. 458,581.) Total interest $ e Textbook and Media Cheyennecould borrow $98,200 from its bank to finance the purchase at an annual rate of 9%. Click here to view factor tables Should Cheyenne borrow from the bank or use the manufacturer's payment plan to pay for the equipment? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, eg. 7%.) Question 25 of 29 - /1 Total interest $ e Textbook and Media Cheyennecould borrow $98,200 from its bank to finance the purchase at an annual rate of 9%. Click here to view factor tables Should Cheyenne borrow from the bank or use the manufacturer's payment plan to pay for the equipment? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, e.g. 7%.) Manuf turer's rat %
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