Requirement

Determine the amount and type of financing component in the following contracts

$($i$)($Click the icon to view the independent contracts.$)$

a$)($Click the icon to view t$)$ Future Value of $$1$ table

$($Click the icon to view tl Future Value of an Ordinary Annuity table.$)$

$($Click the icon to view tI Future Value of an Future Value of an rate is $9\%.($Use the present value and future value tables, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables, use factor amounts rounded to five decimal places, $x.xxxxx.$ Round your final answer to the nearest whole dollar.$)$

Financing Component

Amount

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