Save & Exit Submen Help Allied Company purchased a new machine by signing a note under which it agreed to make a down payment at time of purchase and then make subsequent annual payments at the end of each year for the number of years indicated in the table below Down payment required $6,000 Subsequent annual payments $5,000 T Number of annual payments 6 8% Annual Interest rate Which one of the following statements is correct with respect to the above situation? Multiple Choice The amount of interest paid over the ate of the note is equal to the subsequent annual payment amount times the number of annual payments les the recorded purchase price If the interest rate is as given in the table but interest is being compounded queetony rather then annually the recorded purchase price would be gree Multiple Choice The amount of interest paid over the life of the the recorded purchase price sequal to the "subsecant anal payment amount times the "number of ennual payments If the interest rate is as given in the table but interest is being compounded quarterly (other than annually the recorded purchase price would be greater If the interest rate is increased than that stated in the latile the recorded purchase orice would be less if the number of "subsequent annual payments given the table is increased, we at other information staying the same, the recorded purchase price would be less