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Question 3 1.5 pts Sloan Co, acquired a packaging machine from Vintage Corp on January 1, 2016. In payment for the $4,575,000 machine, Sloan Co,

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Question 3 1.5 pts Sloan Co, acquired a packaging machine from Vintage Corp on January 1, 2016. In payment for the $4,575,000 machine, Sloan Co, issued a five-year installment note to be paid in five equal payments at the end of each year. The payments include interest at the rate of 8%. What is the annual payment? 915,000 O 366,000 O 1,145,838 O 1,027,670

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