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Sweet Company purchased a machine at a price of $98,000 by signing a note payable, which requires a single payment of $126,913 in 3 years

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Sweet Company purchased a machine at a price of $98,000 by signing a note payable, which requires a single payment of $126,913 in 3 years Click here to view factor tables Assuming annual compounding of interest, what rate of interest is being paid on the loan? (Round answer to decimal places, eg. 13%.) Rate of interest % Ivanhoe Excavating Inc. is purchasing a bulldozer. The equipment has a price of $107,700. The manufacturer has offered a payment plan that would allow Ivanhoe to make 10 equal annual payments of $18.287.61, with the first payment due one year after the purchase. (a) How much total interest will Ivanhoe pay on this payment plan? (Round answer to decimal places, e.g. 458,581.) Total interest $ Flint Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. After a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $3,409,700 of 10% term corporate bonds on March 1, 2020, due on March 1, 2035, with interest payable each March 1 and September 1, with the first interest payment on September 1st, 2020. At the time of issuance, the market interest rate for similar financial instruments is 8%. Click here to view factor tables As the controller of the company, determine the selling price of the bonds. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, eg. 458,581.) Selling price of the bonds $ Your client, Keith Cullumber Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period of 27 years, Cullumber has an investment cost of $421,800 in the machine, which has a useful life of 27 years and no salvage value at the end of that time. Your client is interested in earning an 10% return on its investment and has agreed to accept 27 equal rental payments at the end of each of the next 27 years. Click here to view factor tables You are requested to provide Cullumber with the amount of each of the 27 rental payments that will yield an 10% return on investment. (Round factor values to 5 decimal places, eg. 1.25124 and final answer to decimal places, e.g. 458,581.) Amount of each rental payments $

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