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Question 33 Not yet answered On December 30, 2017, Hugon, Inc. purchased a machine from Grant Corp. Hugonis to make eight payments of $150,000. The
Question 33 Not yet answered On December 30, 2017, Hugon, Inc. purchased a machine from Grant Corp. Hugonis to make eight payments of $150,000. The first payment was made on December 30, 2017, and the others are due annually on December 30. At date of purchase, the prevailing rate of interest for this type of financing contract was 11%. How much is the cost of the machine to Hugon? Points out of 6.00 P Flag question Select one: a. $771,900 O b. $785,325 O c. $706,800 O d. $856,800
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