sam hinds, a local dentist, is going to remodel The dental reception area and add two new workstations. he has contacted A-Dec, and the new equipment and cabinetry will cost $22,000. The purchase will be financed with an interest rate of 7.5% loan over 5 years. What will Sam have to pay for this equipment if the loan calls for monthly payments (12 per year)? Compare the annual cash outflows of the two payments. Why does the monthly payment plan have less total cash outflow each year?

Present value with periodic rates Sam Hinds, local dentist is going to remodel the dental reception area and add two new workstation. He has contacted AO and the quand caricost $22.000 The purchase will be financed we an interest rate of 75. loan over 5 yearWhat will Sam have to pay for the equipment the loan Californiannual payments (2 per your and monthly payments (12 per year? Compare the sun canh Ourows of the two payment. Why does the monthly payment plan have a total cash outflow each year? What wil Sam have to pay for this equipment at the loan calls for manual payments per year? $207875 Round to the nearest.cont.) What wa Sam Nave to pay for this equipment focals for more payments (12 per you? $(Round to the area cont)